From May 1st, the value-added tax rate of pesticides, fertilizers and other goods will be reduced from 11% to 10%, and the increase rate of inland and waterway transport services will also be reduced to 10%. In addition, the annual sales Standard of small scale taxpayers in industrial and commercial enterprises is up to 5 million yuan from the past 500 thousand yuan and 800 thousand yuan, which will reduce the tax burden for many enterprises.