According to the latest data released by the State Administration of Taxation, in the first half of the year, the country added 927.9 billion yuan in tax cuts and fee reductions and tax refund deferrals, effectively reducing the burden on business entities. Among them, private economy taxpayers added 704.9 billion yuan in tax cuts and fee reductions and tax refund deferrals, accounting for 76%, and they are the main body benefited by the policy.
In terms of industries, the manufacturing industry and its related wholesale and retail industries accounted for the highest proportion, with a cumulative increase of 381.8 billion yuan in tax cuts and fee reductions and tax refund deferrals, accounting for 41%.
A series of preferential tax and fee policies stimulate the innovation vitality of enterprises. Value-added tax invoice data shows that in the first half of the year, the sales revenue of high-tech industries and digital economy core industries increased by 10.7% and 8.8% respectively year-on-year.
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