From November 1st, the average tax rate of some resource products such as paper products decreased from 6.6% to 5.4%.

Note! After three days, the average tariff on imported paper products will drop by 1.2%. A few days ago, Premier Li Keqiang presided over the State Council executive meeting, pointing out that from November 1 this year, the import tariff rate of 1585 items of industrial products such as tax items was reduced, and the average tax rate of some resource products and primary processed products such as paper products decreased from 6.6%. 5.4%.

Deepen the reform of "distribution suits", foreign investment and domestic capital are treated equally

The meeting pointed out that in order to cope with the current complicated domestic and international situation and maintain a stable and healthy economic development, we must continue to expand domestic demand, unswervingly expand opening up, implement a more proactive open strategy, and create more fair and convenient predictable and attractive. Foreign investment environment.

First, we must deepen the reform of “distribution management”. In addition to the negative list, foreign capital and domestic capital are treated equally, and the market access standards of all types of ownership enterprises and the investment management system based on online filing are implemented. Incorporate eligible foreign-funded projects into the scope of major construction projects, or accelerate the adjustment according to the application to be included in the relevant industrial planning, grant land and sea approval, and accelerate the progress of the EIA approval, reduce logistics costs, and promote the project as soon as possible.

Second, it is necessary to expand the scope of encouragement of foreign investment, and expand the scope of application of foreign exchange reinvestment for the non-exemption of the withholding income tax policy from encouraged foreign investment projects to all non-prohibited projects and fields. Third, we must vigorously protect intellectual property rights and further standardize government supervision and enforcement.

Since November, import tariffs on industrial products of 1585 tax items have fallen, and imported paper products have declined by 1.2%.

The meeting decided to adjust to the industrial upgrading, lowering the cost of enterprises and the multi-level consumption of the masses. From November 1 this year, the import tariff rate of 1585 tax items such as industrial products will be reduced:

The average tax rate of mechanical and electrical equipment such as construction machinery and instrumentation, which is in high demand in some domestic markets, dropped from 12.2% to 8.8%;

The average tax rate for textiles, building materials and other commodities fell from 11.5% to 8.4%;

The average tax rate for some resource commodities and primary processed products such as paper products decreased from 6.6% to 5.4%;

Reduce the tax level for similar or similar goods.

So far this year, tariff reduction measures have been introduced to reduce the tax burden on enterprises and consumers by nearly 60 billion yuan. The total tariff level of China will be reduced from 9.8% in the previous year to 7.5%.

The meeting also decided to speed up the process of customs clearance facilitation. From November 1 this year, the number of regulatory documents required for verification at the import and export links will be reduced from 86 to 48. Clean up the non-compliance charges. Before the end of October, the local authorities will announce the list of local port charges to the public. There is no charge outside the list.

In addition, it will also promote the reduction of compliance costs. During the year, the compliance cost of container import and export links will be reduced by more than US$100 compared with last year, and the coastal ports will have to be significantly reduced. Relevant departments should jointly supervise and supervise.

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