The camp will increase the national expansion schedule or be determined by the next two sessions.

The recent symposium held by the Ministry of Finance and the State Administration of Taxation in Nanjing regarding the expansion of the "Business Tax to VAT Pilot Reform" brought encouraging news. The reform, which began in Shanghai on January 1st this year, has already seen around 710,000 companies incorporated into the "pilot program." Following the launch of similar initiatives in Tianjin, Zhejiang, Hubei, and Ningbo on December 1st, an additional 200,000 companies are set to join. Eliminating the issue of double taxation, a key benefit of the reform, has shown significant results. Data presented at the conference revealed that Shanghai experienced a revenue decrease of 22.5 billion yuan from January to October, while Beijing saw a drop of 2.5 billion yuan over two months. Jiangsu, which initiated its pilot program on October 1st, has now included 133,900 enterprises, with 25,400 classified as general taxpayers, representing 18.97% of the total. Huang Xiaoping, Deputy Director of the Jiangsu Provincial Department of Finance, noted that over 90% of participating companies have seen a reduction in their tax burden post-reform, contributing to approximately a 10 billion yuan reduction in provincial financial resources. However, less than 10% of enterprises faced an increased tax burden. Jiangsu's early adoption of the pilot program provides valuable insights for other regions like Shanghai. The tax burden increase for certain enterprises is primarily influenced by the deduction of input tax amounts. Short-term increases may occur due to minimal investment in fixed assets, but this trend typically reverses as companies acquire or update equipment. Therefore, it's essential to consider the long-term impacts and structural factors affecting these businesses. For smaller-scale taxpayers, the reform offers advantages through a 3% levy rate, lower than the previous 5% business tax, and allows for deductions via special VAT invoices, providing clear benefits. Professor Hu Yijian of Shanghai University of Finance and Economics highlighted that from January to May, Shanghai experienced tax increases of 8.4 billion yuan alongside 914 million yuan in tax cuts, indicating a roughly 10% reduction. In Jiangsu, the 10 billion yuan tax cut resulting from the reform is being self-managed by local financial systems. Enterprises facing increased burdens due to reform receive financial support through verified special funds. The "tiered burden" principle ensures that any rise in tax liabilities is handled at the appropriate administrative level. Despite positive developments, challenges persist. Local governments face inconsistencies in policy implementation, particularly concerning transport enterprises that have not yet received VAT invoices. Additionally, economically underdeveloped areas face challenges as enterprises tend to concentrate in larger cities like Shanghai. The classification of transportation and logistics services remains unclear, leading to disparities in tax rates. This symposium, attended by 12 municipalities and cities with independent planning status, emphasized the reform’s significance as a structural tax reduction and fiscal innovation. As per the State Council’s directives, the nationwide rollout is expected to be clarified during the 2013 "Two Sessions."

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