Research To Improve The Effect Of Tax And Administrative Fees Reduction Policy In Zhuhai

In 2019,China launched a larger scale of tax and fee reductions.Subsequently,the state intensively introduced a series of specific policy which covers value added tax,corporate income tax,personal income tax,social security,government fees,etc.The measures aim to reduce the burden on enterprises,stimulate market vitality,and improve the tax system and income distribution structure,while achieving the goals of stabilizing growth,employment protection and structural adjustment.This is not the first time that tax and fee reductions have been proposed.The new policy is an extension and comprehensive upgrade of previous tax and fee reduction policies over the past few years.Therefore,the effect of the implementation is a matter of great concern to the theoretical,policy,and practical communities.The article takes Zhuhai City which has been at the forefront of China's reform for many years as the research object.I have analyzed the gains and shortcomings of the implementation of tax and fee reduction policies in Zhuhai by collecting and sorting related economic data.Based on that,deeper reasons under the shortcomings have been explored and reasonable suggestions have proposed at the end of this article.In terms of effectiveness,the tax and fee reductions implemented by Zhuhai City have made some progress in reducing corporate tax costs,promoting technological innovation,improving people's livelihood,and stimulating market vitality.But there are still some deficiencies in the industry's burden reduction,industrial transformation and upgrading,and maintaining fiscal flexibility.Through research,it is found that he reasons for the failure of the tax and fee reduction policy to be fully effective are multi-layered and multi-faceted: first,the overall system problem,not only including the tax system,but also more complex issues such as the division of financial rights and expenditure responsibilities.Secondly,some realistic problems encountered in each link of the policy practice process are still to be resolved.Lastly,Zhuhai has implemented more preferential policies earlier,so it will face greater difficulties in the process of merging policies.At the end of the article,the corresponding countermeasures are proposed.In the terms of system,we must promote the improvement of the tax system and the reform of supporting policies.In practice,we must improve the management level of tax authorities and the way of publicity of policies to strengthen the implementation of policies.It is also necessary to give full play to Zhuhai's unique advantages and use innovative methods to cope with the difficulties encountered in the implementation of the policy.I hope this article can provide relevant managers with a useful reference,improve the effectiveness of tax and fee reduction in Zhuhai,and help other regions to solve similar problems.So that tax and fee reduction will really become a booster of China's economic engine.