On July 28, Wang Shiyu, chief auditor of the State Administration of Taxation, said at the press conference of the State Information Office that in the first half of this year, there are currently major policies supporting scientific and technological innovation and manufacturing development policies, with tax cuts and tax refunds of 1.91 trillion dollars. Among them, policies that support enterprise innovation investment and technology transfer, such as additional deductions for R&D expenses, cut taxes and fees by 659.6 billion dollars. High-tech enterprises reduced the levy of corporate income tax at a 15% tax rate, and other policies to support the cultivation and development of high-tech enterprises and emerging industries reduced taxes by about 252 billion dollars. Advanced manufacturing enterprises have reduced taxes and fees by nearly 1 trillion dollars, such as value-added tax credits and other policies that break the bottleneck and support high-end development.

On July 28, Wang Shiyu, chief auditor of the State Administration of Taxation, said at the press conference of the State Information Office that in the first half of this year, there are currently major policies supporting scientific and technological innovation and manufacturing development policies, with tax cuts and tax refunds of 1.91 trillion dollars. Among them, policies that support enterprise innovation investment and technology transfer, such as additional deductions for R&D expenses, cut taxes and fees by 659.6 billion dollars. High-tech enterprises reduced the levy of corporate income tax at a 15% tax rate, and other policies to support the cultivation and development of high-tech enterprises and emerging industries reduced taxes by about 252 billion dollars. Advanced manufacturing enterprises have reduced taxes and fees by nearly 1 trillion dollars, such as value-added tax credits and other policies that break the bottleneck and support high-end development.