Abstract: it is estimated that after the implementation of this phased reduction policy, Jiangsu will reduce three social insurance premiums by about CNY 54.3 billion, about CNY 14 billion more than the rate reduction policy implemented last year.
In order to reduce the impact of the epidemic on Jiangsu enterprises, especially small and medium-sized enterprises, and help enterprises resume production, on March 2, Jiangsu continuously issued policy documents such as phased reduction of social insurance premiums for enterprises, periodic reduction of basic medical insurance premiums for employees, and preferential policies on real estate tax and urban land use tax in response to the impact of the epidemic. It is estimated that the three fee and tax reduction policies can reduce the burden on enterprises by nearly RMB 75 billion.
1. Periodic reduction and reduction of social security fees will reduce the burden on enterprises by RMB 54.3 billion.
On March 2, with the consent of the Jiangsu provincial government, the Provincial Department of Human Resources Social Security, the Provincial Department of Finance, and the Provincial Taxation Bureau jointly issued the Circular on phased reduction and reduction of Enterprise Social Insurance premiums. It is estimated that after the implementation of this phased reduction policy, Jiangsu will reduce three social insurance premiums by about RMB 54.3 billion, about RMB 14 billion more than the rate reduction policy implemented last year. Among them, the old-age insurance premiums for enterprise employees will be reduced by about RMB 51 billion, the unemployment insurance premiums will be reduced by about RMB 1.5 billion, and the industrial injury insurance premiums will be reduced by about RMB 1.8 billion.
2. The periodic reduction of medical levy and insurance premium will reduce the burden of enterprises by RMB 16 billion.
According to the "implementation Plan for phased reduction of basic Medical Insurance premiums for employees" jointly issued by Jiangsu Medical Insurance Bureau, Provincial Finance Department and Provincial Taxation Bureau, the scope of this phased reduction of medical insurance premiums is: enterprises participating in Jiangsu workers' medical insurance (including individual industrial and commercial households insured by units), excluding government organs and institutions.
It is estimated that the medical insurance premiums of enterprises in the province will be halved for five months, which will reduce the burden on enterprises by a total of RMB 14.06 billion. It is estimated that five months after the tax reduction, on the basis of ensuring the safe operation of the fund, there are still eight districts and cities that meet the conditions of periodic rate reduction. For example, if the rate is reduced by 0.5%, there can also be a policy dividend reduction of 19-40 billion. After the implementation of the two burden reduction measures, it is estimated that the burden will be reduced by RMB 160-180 billion for the whole year.
3. Reduce and reduce the burden of real estate tax and urban land use tax by RMB 1.92 billion.
From the perspective of the industry, the sudden epidemic situation of COVID-19 has a serious impact on key industries such as accommodation, catering, sports and entertainment, transportation, tourism, and so on; from the analysis of enterprise scale, small and micro enterprises have weak anti-risk ability and great pressure for survival, which is obviously affected; from the analysis of the impact time, the operation of enterprises will be affected in the first half of this year.
According to the above analysis, Jiangsu Research has formulated policies on the difficulty of reduction and reduction of real estate tax and urban land use tax in response to the impact of the epidemic. It mainly includes three aspects:
1 taxpayers in accommodation, catering, sports and entertainment, transportation, tourism and other industries seriously affected by the epidemic will be temporarily exempted from real estate tax and urban land use tax in the first half of 2020;
(2) small-scale VAT taxpayers affected by the epidemic will be temporarily exempted from real estate tax and urban land use tax in the first half of 2020;
(3) for the convenience of taxpayers, the difficulty reduction and reduction of real estate tax and urban land use tax will move the examination and approval process back, and adopt the method of application and approval, so that enterprises in difficulty can benefit as soon as possible.
After the implementation of the policy, it is expected to reduce the burden on enterprises by RMB 1.92 billion.
4. Periodic fee reduction will not affect the treatment of the insured.
Social security funds and medical insurance funds are life-saving money for ordinary people. Many participants are concerned about whether periodic reductions or reductions in social insurance premiums and medical insurance premiums will affect the timely and full payment of pensions. Will it affect the treatment of health insurance? At the press conference on the same day, the relevant responsible persons of the Provincial people's and Social Affairs Department and the Provincial Medical Insurance Bureau gave reassurance to the broad masses of participants.
After the implementation of this phased reduction policy, Jiangsu Province will have a relatively large reduction in the three social insurance premiums this year, accounting for about 20% of the income collected and paid by the fund in the current period of the year, but by using the accumulated balances of various localities and increasing provincial transfers and other measures, we can digest the impact of the implementation of the relief policy on the operation of the social security fund and ensure that all social insurance benefits are paid in full and on time.
Through the implementation of the policy of phased reduction and reduction of social insurance premiums for enterprises, Jiangsu has the confidence and conditions to achieve the multiple goals of supporting the development of enterprises, maintaining the smooth operation of the system, and ensuring that social insurance benefits are paid in full and on time, to help accomplish the goals and tasks of the province's economic and social development this year.