The latest data released by the State Administration of Taxation shows that in 2024, the current main policies to support scientific and technological innovation and manufacturing development will be tax reductions and tax refunds of 2629.3 billion yuan, of which private economic taxpayers (including private enterprises and individual industrial and commercial households) enjoy relevant policies will be tax reductions and tax refunds of 1587 billion yuan, accounting for 60.4%.

According to the person in charge of the Tax Service Department of the State Administration of Taxation, in 2024, the tax department will continue to improve the normalized exchange mechanism of "face-to-face tax and enterprise" and establish a direct connection point for private business entities to collect and efficiently solve tax and fee demands; continue to carry out the special action of "Spring Rain Soaking Seedlings", "Small and Medium Enterprise Service Month" and "National Individual Industrial and Commercial Household Service Month", and organize more than 70,000 publicity and guidance activities, benefiting 10.39 million small and micro business entities, organize more than 4,000 "Follow the Process and Listen to Suggestions" activities, and collect more than 38,000 individual industrial and commercial households; carry out the "first lesson of opening a business" for new households, provide "one-stop" and "package" services, and push 14.28 million targeted publicity products to 10.96 million new households across the country, continuously improve the accuracy and coverage of "policy finding people" and promote enjoyment.

A series of tax and fee preferential policies have effectively stimulated the vitality of private business entities. Tax data shows that the growth rate of sales revenue of the private economy in 2024 is 0.5 percentage points higher than the national average of enterprises. Among them, sales revenue of high-tech manufacturing and core industries in the digital economy increased by 13% and 4.7% year-on-year, 1.8 and 1.7 percentage points higher than that of enterprises in the same industry in the country.

The head of relevant departments and bureaus of the State Administration of Taxation said that the tax department will implement various tax preferential policies, continue to improve taxation and management service measures, adhere to strict, standardized, fair and civilized law enforcement, optimize law enforcement methods, and create a good tax environment for the healthy growth and development and growth of the private economy.