CCTV News: According to the WeChat official account of the Shanghai Development and Reform Commission, reducing the burden on enterprises is a major measure for macroeconomic policies to support stabilizing expectations, stabilizing growth and stabilizing employment. In order to effectively respond to the demands of enterprises, boost the confidence of business entities, and promote economic recovery and improvement, Shanghai will implement 21 measures in five aspects this year, including reducing tax and fee costs, reducing labor costs, reducing energy consumption costs, reducing financing costs, and optimizing inclusive and prudent supervision. The policy is valid until December 31, 2025.

Reduce tax and fee costs

First, continue to implement the national structural tax and fee reduction policy. Continue to implement policies such as the VAT deposit refund, the additional deduction of VAT in advanced manufacturing enterprises, the additional deduction of R&D expenses of integrated circuits and industrial master machines enterprises, and the additional deduction of VAT, and the increase in the proportion of enterprise R&D expenses before tax.

The second is to continue to reduce the "six taxes and two fees" at half time. Continue to levy "six taxes and two fees" for small-scale value-added taxpayers, small and micro-profit enterprises and individual industrial and commercial households with half the cost of resource tax, urban maintenance and construction tax, real estate tax, urban land use tax, stamp tax (excluding securities transaction stamp tax), cultivated land occupation tax and education surcharge, and local education surcharge.

The third is to implement a policy of reducing and exempting property tax difficulties for enterprises that meet the direction of Shanghai's industrial development.

Fourth, continue to phase down the registration fee standards for domestic drugs and the registration fee standards for domestic second-class medical device products 50% and 65%.

Fifth, improve the policy of reducing and exempting urban land use tax difficulties.

Sixth, strive to continue to pilot the implementation of preferential policies for offshore trade stamp duty.

Reduce labor costs

First, from March, continue to phase down the unit payment rate of employees' medical insurance by 1 percentage point.

The second is to continue to phase down the unemployment insurance unit fee rate by 0.5 percentage points.

The third is to merge and implement one-time employment subsidy policies for absorbing employment and one-time job expansion subsidy.

The fourth is to formulate and implement social security subsidy policies for maternity and maternity leave for female employees. For employers who meet certain conditions, the social insurance premiums paid by their female employees during maternity leave and maternity leave can be applied for 50%.

Reduce energy consumption costs

The first is to reduce electricity consumption costs. Improve the price policy of direct power supply in non-grids and study and reduce the price increase of non-grids direct power supply in industrial parks. Power generation companies are encouraged to lower annual bilateral negotiated electricity prices and give concessions to power users. Further optimize power purchase plans, raise low-priced power supplies through multiple channels, and reduce the price of out-of-market electricity purchases. Continue to implement the deep valley electricity price policy for large industrial users on major festivals and weekends.

The second is to reduce the cost of gas use. Shanghai Gas Company continues to cancel the original price increase for some users by 5% based on the benchmark price. The transportation fee of the property company in the chemical industry area was cancelled. 0.13 yuan/cubic meter of the pipeline was cancelled.

The third is to reduce water costs. Continue to exempt non-resident users from increasing the price by progressively exceeding the fixed quota.

Fourth, continue to promote the rectification of the price of power transfer in industrial parks. Increase supervision and inspection efforts, and strive to investigate and punish illegal acts such as illegal price increase and illegal charges. Strengthen the construction of long-term mechanisms for charging enterprises and strengthen departmental cooperation in policy consultation, information sharing, clue transfer, joint inspection, joint punishment, etc.

Reduce financing costs

First, increase credit supply. Maintain reasonable growth of monetary credit and financing, steady pace and efficiency improvement. Improve the scientific pricing mechanism and stabilize the financing cost expectations of small and medium-sized enterprises. Continue to guide banks under their jurisdiction to increase credit supply to technology-based small and medium-sized enterprises, and strengthen the supply of first loans and credit loans for small and micro enterprises. Continue to implement credit rewards and risk compensation policies for small and medium-sized enterprises.

The second is to increase the efforts to guarantee loans. Promote all districts to complete the policy-based financing guarantee investment of small and medium-sized enterprises in the city in 2025. Implement the entrepreneurial guarantee loan policy and provide financial support to more entrepreneurs with financing needs.

The third is to strengthen the linkage between industrial policies and financing guarantee policies, gradually expand the scale of financing guarantee business, and increase the coverage of small and medium-sized enterprises.

Fourth, implement the policy of interest subsidy for loans of small and medium-sized enterprises.

Fifth, optimize the loan renewal mechanism. Continue to build a long-term mechanism for "seamless loan renewal", expand the loan renewal targets to all small and micro enterprises, and phase-out the loan renewal policy to medium-sized enterprise working capital loans that expire before September 30, 2027.

Six is ​​to optimize financial services. Deepen the "Ten Thousand Enterprises and Ten Thousand Billions" action and the "Ten Thousand Enterprises and Ten Thousand Households" project for first-time lenders. Promote the financing service center to key industrial parks and improve the quality and efficiency of financing services for small and medium-sized enterprises. Optimize the construction of the city's financing credit platform, strengthen the collection and sharing of credit information, and strive to improve the financing convenience level of small and medium-sized enterprises.

Optimize inclusive and prudent supervision

Further strengthen supervision and guidance on the application of exemption and reduction of penalties for grassroots law enforcement units, and effectively improve the effectiveness of the application of the list of exemption and reduction of penalties.

In principle, the above measures will be implemented until December 31, 2025. If the state and Shanghai have other provisions, such provisions shall prevail.