CCTV News: The latest data released by the State Administration of Taxation shows that in the first 11 months of 2024, my country reduced taxes and fee reductions and refunded taxes in supporting scientific and technological innovation and manufacturing development by nearly 2.3 trillion yuan.
Data shows that in the first 11 months of 2024, my country's main policies to support scientific and technological innovation and manufacturing development were tax cuts and tax refunds of 229.79 billion yuan. With the support of a series of "combination punches" of tax incentives, the transformation and upgrading of manufacturing enterprises has accelerated significantly.
This smart home appliance manufacturing company in Cixi, Zhejiang enjoys additional deductions for R&D expenses and corporate income tax incentives in 2024, with a tax reduction of more than 20 million yuan. The company will invest the saved funds in new product research and development and build smart production lines, and its sales revenue will continue to increase.
The company's head, Xu Yangfei, introduced that in 2024, their annual output value was 2.97 billion yuan, an increase of 11.7%, and four new invention patents were added. Now hundreds of innovative products can be launched every year.
Shi Huanming, deputy director of Cixi Taxation Bureau of the State Administration of Taxation, introduced that in 2024, more than 2,600 local home appliance manufacturers had sales exceeding 30 billion yuan through technological innovation and transformation and upgrading. In the first 11 months, the new tax reduction and fee reduction refund exceeded 300 million yuan.
From the policy type, in the first 11 months of 2024, we supported increasing investment in science and technology and transfer of results, and reduced taxes by 803.6 billion yuan; supported breakthroughs in key technologies and introduction and training of scientific and technological talents, and reduced taxes by 108.7 billion yuan; supported the cultivation and development of high-tech enterprises and emerging industries, and reduced taxes by 337.3 billion yuan; supported equipment updates and technological transformation, and reduced taxes by 80 billion yuan; supported the high-quality development of the manufacturing industry, and reduced taxes by 96.83 billion yuan.
