During the "14th Five-Year Plan" period, the country's cumulative new tax cuts and fee reductions are expected to reach 10.50 trillion yuan

On July 28, the State Council Information Office held a series of press conferences on the theme of "High-quality completion of the 14th Five-Year Plan" this morning. At the press conference, the relevant person in charge of the State Administration of Taxation said that since the "14th Five-Year Plan", a series of tax and fee reduction policies have provided strong support for economic development and improvement of people's livelihood. Hu Jinglin, director of the State Administration of Taxation: During the "14th Five-Year Plan" period, the state has introduced a series of tax reduction and fee reduction policies. The cumulative new tax reduction and fee reduction across the country is expected to reach 10.50 trillion yuan, and the export tax rebate is expected to exceed 9 trillion yuan. Tax reform and tax reduction and fee reduction provide strong support for improving people's livelihood. Take the personal income tax that is most closely related to the common people as an example. Compared with the first calculation in 2020, the number of people who enjoy special project additional deductions reached 119 million, an increase of 55%, and the tax reduction amount increased by 156.5%. It increased from 116 billion yuan in 2020 to nearly 300 billion yuan this year.