Summary: Since the beginning of this year, a package of tax and fee reduction policies has played an important role in alleviating difficulties for enterprises across various industries.
Since the beginning of this year, a package of tax and fee reduction policies has played an important role in alleviating difficulties for enterprises across various industries.
In Qingdao, Shandong, Haier is transforming from a traditional home appliance manufacturer into an internet platform. The substantial real funds released through tax and fee cuts have provided strong financial support for building the COSMOPlat industrial internet platform.
According to reports, despite the impact of the pandemic, Haier Group still achieved double-digit growth in sales and profit margins in June. "Haier's achievements are inseparable from the strong support of the tax authorities," said Liu Zhongsheng, head of Haier Group's tax department. "During the pandemic alone, a series of preferential policies were implemented, including pre-tax deduction for corporate income tax donations, VAT and surcharge exemptions, tax deferrals, and reductions in property tax and land use tax, saving Haier Group a total of 15 million yuan. This not only provided financial support for Haier Group to cope with the pandemic, but also facilitated the company's transformation and upgrading." In recent years, the Qingdao Municipal Tax Service of the State Taxation Administration has continuously optimized its service methods, particularly for the transformation and development of Haier and its COSMOPlat industrial internet platform. By interconnecting with Haier Group's ERP system, it built the country's first tax-enterprise direct connection platform with industrial internet characteristics, "Zhishuitong", which covers tax management functions such as panoramic monitoring of tax information, tracking of basic enterprise information, intelligent tax refunds, and intelligent tax filing. This helps enterprise financial personnel shorten filing preparation and processing time by more than 95% and reduce data entry for tax-related matters by more than 90%. In addition, the "Tax Refund Treasure" function developed on the "Zhishuitong" platform directly released 800 million yuan of working capital for Haier Group, saving more than 30 million yuan in annual financial costs.