Western Development Formulates New Planning Resource Tax to Benefit the West
A few days ago, a new round of planning for the western development strategy is being formulated
Release time:
2024-08-09
Source:
A few days ago, a new round of planning for the western development strategy is being formulated. In the next ten years, the central government will continue to increase its investment in the western region.
It is understood that in the new round of planning, the measures that are directly beneficial to the formation of the western region are: "for enterprises in the western region that belong to the state-encouraged industries, corporate income tax will be levied at a reduced tax rate of 15%; on coal, crude oil, natural gas, etc. Resource taxes have changed from specific levies to ad valorem levies".
Relevant experts pointed out that with the support of policies and funds, the comprehensive economic strength of the western region is expected to reach a new level. A brand-new "national important energy base, resource deep processing base, equipment manufacturing base and strategic emerging industry base" will emerge as the times require in the western region. In the future, the development of the western region will play a more prominent role in stimulating the national economic growth.
Infrastructure will remain the focus of investment
It is understood that in the next ten years, the western region will continue to take the cultivation of characteristic and advantageous industries as the leader, vigorously develop agriculture and animal husbandry, modern industry and service industries, accelerate the construction of a modern industrial system, and transform the resource advantages of the western region into economic advantages.
In addition, according to the target requirements, the western region will also vigorously promote the transformation of economic development mode and economic restructuring, vigorously develop characteristic and advantageous industries, deeply implement the market-oriented strategy of transforming advantageous resources, promote independent innovation, and strive to form a new pattern of coordinated development of traditional advantageous industries, strategic emerging industries and modern service industries.
In the future investment planning, the state will continue to arrange the construction of key projects, including roads, railways, airports, water conservancy projects, and new power generation installations. In this regard, some industry experts commented that infrastructure investment is of great significance to the western region. At present, the western region, such as Xinjiang, contains a lot of resources, but the transportation bottleneck restricts the development and utilization of energy in the region. Even if enterprises build factories in the local area, it is still difficult to effectively solve the problem of long-distance transportation. The expert pointed out that how to solve the transportation problem in the future will be the key to the advantageous development of Xinjiang and even the western region.
It is understood that during the "Twelfth Five-Year Plan" period, the central government will continue to favor the western region in major infrastructure projects, and will continue to favor the western region in transfer payments and investment arrangements. Preliminary estimates show that at the current average annual growth rate of 20%, it will double in five years, and the capital construction investment in the central budget is expected to reach 3.6 trillion yuan in 2020.
It is expected to benefit from resource tax reform.
At present, with regard to the reform of resource tax, the central government has made it clear that it will be piloted in Xinjiang and will be rolled out throughout the country. The essence of the reform is to change the resource tax on crude oil and natural gas from volume to ad valorem. This is a key element of the plan for the development of the western region in the next decade.
Du Ying pointed out that starting from January 1, 2008, my country has unified the income tax rate for domestic and foreign enterprises, and the tax rate has been unified from 33% to 25%. Under the circumstances that the preferential income tax policies throughout the country have been basically abolished, the central government still implements preferential income tax policies for the western region, which "reflects the determination of the central government to support the large-scale development of the western region, and the western region can benefit a lot from this policy".
As for which industries are encouraged, Du Ying said that the relevant departments will compile a "catalogue of encouraged industries in the western region" in accordance with the requirements of the central government for reference by all sectors of society.
Du Ying stressed that the tax rates of different resource products may be different, and this reform will significantly increase local fiscal revenue for the western region, which is rich in strategic resources.
It is also understood that on the policy issue of supporting the new round of western development, the central government has increased its support for the new round of western development policies while maintaining the continuity and stability of the policy.
In the new round of western development planning in the future, relevant departments will further implement differentiated land policies. In the industrial economic parks in the western region, including industrial development zones, the benchmark land price of industrial land can be appropriately reduced. The specific measures will be determined by relevant departments. To decide.
At the same time, we will formulate policies to encourage social funds to invest in the west, especially credit funds, and increase policy support for direct and indirect financing, so as to form a diversified investment pattern.