A nationwide battle against the epidemic continues. Due to the sudden outbreak, many SMEs have experienced short-term crisis due to delayed resumption of work, business suspension, capital chain strain and operational difficulties. Face bigger survival pressure, sadness write on the face, how should entrepreneur do? On the morning of February 8, in order to fully support enterprises in fighting against the epidemic and effectively reduce the burden on enterprises, Shanghai municipality issued the "several policies and measures to fully prevent and control the epidemic and support the steady and healthy development of service enterprises in Shanghai"（Click here to see the policy）. The comprehensive policies and measures are composed of 28 policies in six aspects, hereinafter referred to as "Shanghai 28". The "Shanghai 28" focuses on the pain points of enterprises, especially the immediate problems faced by small, medium and micro enterprises, and adopts various comprehensive policies and means to alleviate the difficulties of enterprises. As an enterprise providing financial services for small, medium and micro enterprises, Fintegrity has summarized the following four highlights of Shanghai 28 for the first time↓↓↓
01
During the support
Shanghai state-owned enterprise "landlord" transfer interest, free of small, medium and micro enterprises 2 months operating real estate rent
Basic discount: signing for rent in Shanghai (city, area) belongs to state-owned enterprises subordinate to the business of real estate (including all kinds of development zones, industrial park, entrepreneurial base and technology business incubator, etc.) is engaged in the production, office, commercial operations, and other production and business operation activities of SMEs will enjoy the free policy of 2 months. On this basis, state-owned enterprises are encouraged to give as much profit as possible to small and medium-sized enterprises by reducing or delaying payment through negotiation. Tenants operating large commercial buildings, shopping malls, industrial parks and other types of market entities are encouraged to reduce their rent. If it is really difficult for the enterprise to reduce or reduce the real estate or land rent for the tenant voluntarily to pay the real estate tax or the urban land use tax, it can apply for reducing or reducing the corresponding real estate tax or the urban land use tax. The state-owned assets supervision and administration commission (sasac) of Shanghai is formulating the detailed rules on the operation of reducing and exempting the housing rent for SMEs of this municipality.
02
Tax incentives
Tax "exemption" and "extension" policies, targeted enterprises with difficulties
"Exemption" During the epidemic prevention and control period, for enterprises whose real estate or land is requisitioned by the government in an emergency, it is indeed difficult to pay the real estate tax and the urban land use tax, they can apply for the reduction of the corresponding real estate tax and the urban land use tax. During the epidemic prevention and control period, individual industrial and commercial households that pay regular and fixed taxes are exempted from paying fixed taxes in accordance with the law. "Delay" "Application for extension". On the basis of the extension of the February tax return period by the state administration of taxation to February 24 in accordance with the law, taxpayers who have difficulties in filing tax returns within the statutory time limit due to the impact of the epidemic may apply for a further extension in accordance with the law. During the extension period, late fees and tax administrative penalties may be exempted. Payment delay. If it is difficult to pay taxes on time due to the impact of the epidemic, if it meets the conditions for the deferred payment of taxes, the deferred payment of taxes shall be granted in accordance with the law for a maximum period of three months. Losses can be carried forward for an extended period of time. Losses incurred in 2020 by enterprises in difficult industries that are greatly affected by the epidemic shall be allowed to be carried forward to the next year and made up with the income of the next year. The maximum carryover period shall be extended from 5 to 8 years. According to the announcement by the ministry of finance and the state administration of taxation, "enterprises in difficult industries" include transportation, catering, accommodation and tourism (referring to travel agencies and related services, and management of tourist attractions).03
The financial support
"Enterprise short-term capital turnover pressure is big" : do not take out loans, loans, not pressure loans
SMEs are weak in resisting pressure and poor in external financing. Under the epidemic situation, the financial difficulties faced by smes mainly focus on the following aspects: first, the demand for working capital. The shutdown of enterprises leads to production stagnation or inventory backlog, which affects the working capital of enterprises; Second, capital turnover difficulties, stock loans after maturity turnover, renewal, repayment difficulties. The "Shanghai 28" measures are mainly aimed at enterprises with financial difficulties affected by the epidemic. The measures include increasing credit supply, implementing preferential interest rates, providing working capital loans and strengthening financing guarantees, etc., so as to ease the financial difficulties of enterprises and reduce financing costs.
"Increase credit availability" "implement preferential interest rate"
"Increase credit availability" "implement preferential interest rateWe will encourage the branches of development-oriented and policy-oriented state-owned commercial Banks in Shanghai and local legal person Banks to make active use of the special re-lending policy launched by the people's bank of China, increase support for key enterprises for epidemic prevention and enterprises producing essential materials, including small and micro enterprises, and provide preferential loan rates. According to state regulations, another half of the financial discount will be granted to ensure that the interest rate of loans to these enterprises is less than 1.6 percent.For disaster relief and emergency relief enterprises, they shall be managed according to the list system of the people's bank of China to ensure the accuracy of special loan fund support. We will encourage SPD bank, bank of Shanghai and rural commercial bank of Shanghai to increase credit to the industries that are fighting against and affected by the epidemic, as well as small, medium and micro enterprises. During the outbreak prevention and control period, the relevant loan interest rate shall be reduced by at least 25 basis points with reference to the LPR of the corresponding period, and other financial institutions in Shanghai shall be encouraged to follow the same practice.
"Providing working capital loans"
We will increase credit support for tourism, accommodation, catering, wholesale and retail, transportation, logistics and storage, culture and entertainment, exhibition and other industries that are greatly affected by the epidemic. We will support enterprises with repayment difficulties by changing repayment arrangements, extending repayment terms, and extending loans without repayment. We will accelerate the establishment of an online loan renewal mechanism.
"Enhanced financing guarantee support"
The policy-based financing guarantee fund will continue to increase financing guarantee support for enterprises that provide key support for epidemic prevention materials and small, medium and micro enterprises that have been greatly affected by the epidemic. The financing guarantee rate for loans to newly applied small, medium and micro enterprises will be reduced to 0.5%/ year, and the re-guarantee rate will be halved.
04
equally
"Shanghai's 28 policies support enterprises to fight against the epidemic and treat all foreign companies equally"
"Shanghai is working hard to create a fair and just business environment, and we will better ensure that foreign investors and foreign-invested enterprises enjoy national treatment," said xu wei, director of the information office of the Shanghai government and a spokesman for the Shanghai government. At the critical moment of epidemic prevention, we have introduced relevant policies to treat foreign enterprises as equals as domestic enterprises. "The policy and measures will be extended for another three months after the end of the epidemic, a longer period nationwide. "There are some policy measures that have been clearly implemented with a deadline from its provisions." Ma chunlei, deputy secretary general of the Shanghai municipal government and director of the Shanghai development and reform commission, said.
FINTEGRITY's editorial said
Up to now, it has been a few days since the launch of "Shanghai 28". According to the information collected on the Internet, many enterprises have indeed felt the "help in time of need", but how many enterprises can these supportive policies help reduce the burden and even tide over the difficulties? As editor in chief of Fintegrity, I don't think we can generalize! Get help is certain, but this kind of help can help how many enterprises, should be up to the owners of small and medium-sized enterprises!
As for the customers served by Fintegrity, few of them have received help from these supportive policies at present. On the one hand, the specific nature of each enterprise is different, and on the other hand, the conditions of supportive policies are limited. In fact, the current difficulties are still difficulties!
The government's policy support is naturally the best for small and medium-sized enterprises. As the chief editor of Fintegrity, I hope that the government's support strength and breadth can be further expanded, and I hope to consider the plight of more small and medium-sized enterprises.
Of course, in order to survive the epidemic, we need to rely on the government as well as ourselves.
