Tax reduction and fee reduction boost the vigorous development of tourism in the Three Gorges region

As the saying goes, 'Farewell to Emperor Bai, amidst the colorful clouds, a thousand miles of Jiangling can be returned in a day.' Throughout history, literati and scholars have had a special fondness for the Three Gorges, but the mountains and rivers have also hindered local development. In recent years, relying on unique natural scenery and cultural heritage, coupled with the "spring breeze" of tax reduction and fee reduction, the development of the tourism industry has accelerated, and tourism related industries have also ushered in a flourishing spring of development.

The Ba River's upper gorge is repeatedly heavy, and the balcony is green and steep with twelve peaks. The impression of high gorge, flat lake, morning clouds and evening rain, and verdant mountains and red leaves on tourists in Wushan County, Chongqing.

Starting from this year, we no longer need to pay value-added tax, "said Chen Lei, the owner of Yongsheng Hot Pot in Wushan County, located in a concentrated tourist reception area.

According to Chen Lei, the monthly income of the hot pot restaurant was around 50000 yuan in 2018, and the monthly value-added tax payment was 1500 yuan. After the implementation of the inclusive tax reduction and exemption policy for small and micro enterprises this year, the tax exemption standard for small-scale taxpayers of value-added tax has been raised to 100000 yuan per month. Under the tax exemption standard, the hot pot restaurant is expected to pay nearly 20000 yuan less value-added tax and additional taxes throughout the year. On one hand, there is an overall reduction in tax burden, and on the other hand, there is a continuous stream of tourists coming to dine. Chen Lei has gained more confidence in the future and is preparing to accumulate funds to open another branch by the end of the year.

The implementation of preferential policies has added momentum and confidence to the development of small and medium-sized enterprises. Under the guidance of the pillar development of the tourism industry, more local people have invested in the entrepreneurial wave of tourism industry supporting enterprises, and their enthusiasm is high.

According to statistics, as of the end of April, there were over 1100 taxpayers in the catering and accommodation industry in Wushan County. Among them, more than 30 individual industrial and commercial households in the catering and accommodation industries alone were added, and 10 newly rated star rated farmhouses were established. This has driven 320 impoverished households in the surrounding areas to achieve poverty alleviation through rural tourism, and a total of 15000 villagers have access to "tourist food".

In addition to enjoying the benefits brought by the value-added tax reduction rate, the company also complies with the input tax deduction policy. This month, the declared input tax amount is 2.756 million yuan, and the extra provision of 276000 yuan can be used to offset the taxable amount during the policy implementation period. In addition, the input tax amount of 2.65 million yuan that has not been fully deducted is no longer subject to the time limit of the previous two deduction, and can be transferred to deduction in one go to reduce the occupation of enterprise funds, "said Liu Xiaorong, the financial accountant of Baixiang Qing Tourism Development Company in Yunyang County.

As soon as the policy was introduced, the staff of the tax department immediately convened our enterprise to learn about the new policy and explained it carefully. Tax reduction and fee reduction not only bring benefits to the enterprise, but also add confidence to its development. We will increase investment and make the tourism industry develop better and better, "said Luo Zhiping, the financial manager of the county's tourism development investment group. With the implementation of tax reduction and fee reduction policies in the Three Gorges region, the tourism industry is developing more lightly, and the tourism economy is becoming more active and developed. The magnificent scenery of the Three Gorges will bring more prosperity and changes to the local area.

News source: Xinhua News Agency