The formulation of a new plan for the development of the western region and the benefit of resource tax to the western region
Release time：
2024-04-12
keyword：
Strategy,planning
Recently,a new round of planning for the Western Development Strategy is being formulated.In the next decade,central government funds will continue to increase investment in the western region.
It is understood that in the new round of planning,a direct positive measure for the western region is to reduce the corporate income tax rate by 15%for enterprises in industries encouraged by the state in the western region;and to change the tax on resources such as coal,crude oil,and natural gas from quantity to price.
Experts point out that with the support of policies and funds,the comprehensive economic strength of the western region is expected to reach a new level,and a new"national important energy base,resource deep processing base,equipment manufacturing base,and strategic emerging industry base"will emerge in the western region.The future development of the western region will have a more prominent driving effect on national economic growth.
Infrastructure will still be a key investment focus
It is understood that in the next decade,the western region will continue to focus on cultivating characteristic and advantageous industries,vigorously developing agriculture,animal husbandry,modern industry,and service industries,accelerating the construction of a modern industrial system,and transforming the resource advantages of the western region into economic advantages.
In addition,according to the target requirements,the western region will also vigorously promote the transformation of economic development mode and structural adjustment,vigorously develop characteristic advantageous industries,deeply implement market-oriented advantageous resource transformation strategies,promote independent innovation,and strive to form a new pattern of coordinated development of traditional advantageous industries,strategic emerging industries,and modern service industries.
In future investment plans,the country will continue to arrange the construction of key projects,including highways,railways,airports,water conservancy projects,as well as adding new power generation installations.Industry experts have pointed out that infrastructure investment is of great significance for the western region.Currently,the western region,such as Xinjiang,contains a large amount of resources,but transportation bottlenecks have constrained the development and utilization of energy in the region.Even though companies are building factories locally now,it is still difficult to effectively solve the problem of long-distance transportation.The expert pointed out that how to solve transportation problems in the future will be the key to achieving advantageous development in Xinjiang and even the western region.
It is understood that during the 12th Five Year Plan period,the central government will continue to tilt towards the western region in major infrastructure projects,and will also continue to tilt towards the western region in transfer payments and investment arrangements.Preliminary estimates show that with an average annual growth rate of 20%,it will double in five years,and the central budget's basic construction investment is expected to reach 3.6 trillion yuan by 2020.
Expected to benefit from resource tax reform
At present,the central government has clearly piloted the reform of resource tax in Xinjiang,and it will be implemented nationwide thereafter.The essence of the reform is to change the resource tax on crude oil and natural gas from quantity based to price based.This is a key component of the Western Development Plan for the next decade.
Du Ying pointed out that starting from January 1,2008,China has unified the income tax rate for domestic and foreign enterprises,from 33%to 25%.Despite the basic cancellation of preferential income tax policies nationwide,the central government still implements preferential income tax policies for the western region,which reflects the determination of the central government to support the development of the western region.The western region can benefit a lot from this policy.
As for which industries belong to the encouraged category,Du Ying stated that relevant departments will compile a"Catalogue of Encouraged Industries in the Western Region"in accordance with the requirements of the central government,for reference by all sectors of society.
Du Ying emphasized that the tax rates for different resource products may vary,and this reform will significantly increase local fiscal revenue for the strategic resource rich western region.
It is also understood that regarding the policy issue of supporting the new round of western development,the central government has increased its support for the policy while maintaining its continuity and stability.
In the new round of western development planning in the future,relevant departments will further implement differentiated land policies.The benchmark land price for industrial land in industrial economic parks in the western region,including industrial development zones,can be appropriately reduced,and the specific measures will be decided by relevant departments.
At the same time,policies should be formulated to encourage social funds to invest in the western region,especially credit funds,and policy support for direct and indirect financing should be increased to form a diversified investment pattern.
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