On the morning of March 5, 2021, the fourth session of the 13th National People's Congress opened in the Great Hall of the People in Beijing, and Premier Li Keqiang delivered a government work report to the General Assembly on behalf of the State Council. In the report, Premier Li Keqiang announced the implementation of phased large-scale tax cuts and fee reductions, which are relevant to enterprises, including the following.

Q:	What does the government work report say about VAT?
A:	Increase the VAT threshold for small-scale taxpayers from 100,000 yuan to 150,000 yuan in monthly sales, which means that they can be exempted from the levy for 450,000 yuan in a quarter and 1.8 million yuan in a year.
Q:	What does the government work report say about corporate income tax?
A:	For the part of annual taxable income not exceeding 1 million yuan, the original policy is to reduce the taxable income by 25%, and the current policy is to reduce the tax by half again, that is, the tax burden is reduced to 2.5%. For the part of annual taxable income from 1 million yuan to 3 million yuan, the original policy is to reduce the tax burden by 50%, and the tax burden is 10%, but the current policy remains unchanged.
Q:	What are the regulations for R&D expenses in the government work report?
A:	Clearly for manufacturing enterprises R & D expenses plus deductions 75% to 100%.
Q:	What does the government work report say about input tax credit retention?
A:	Full monthly refund of retained VAT credits for advanced manufacturing enterprises.
Q:	What are the advanced manufacturing taxpayers mentioned in the government work report?
A:	Advanced manufacturing taxpayers, refers to the "National Economic Classification", production and sales of non-metallic mineral products, general equipment, special equipment and computer, communications and other electronic equipment sales accounted for more than 50% of all sales of taxpayers.