综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Latest News

China to further optimize tax structure: minister

Xinhua | Updated: 2018-03-25 16:22
Share
Share - WeChat

BEIJING -- China will step up optimization of its taxation system and structure, while paying close attention to international tax reform, China's finance minister said Sunday.

Value-added tax (VAT) rates will see further adjustments, and those in sectors including manufacturing and transportation will be lowered, said Liu Kun, minister of finance, while addressing the China Development Forum.

A total of 918.6 billion yuan (about 145.5 billion US dollars) was saved last year via China's ongoing reform to replace business tax with value-added tax (VAT).

As the most significant tax overhaul for two decades, VAT is replacing the business tax, which has been in place for 60 years, streamlining procedures, and avoiding repetitive taxing. It was piloted in Shanghai in 2012 and expanded nationwide in May 2016.

China will also reform its personal income tax system to increase tax breaks in relation to spending on children's education and critical illness, Liu said.

The annual forum, with "China in the New Era" as its theme, has brought together nearly 30 globally renowned scholars, including seven Nobel laureates, and more than 80 executives of Fortune Global 500 firms.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
长垣县| 德兴市| 裕民县| 洪江市| 毕节市| 屯昌县| 招远市| 朝阳区| 镇巴县| 阿荣旗| 辽阳市| 女性| 合山市| 宜兴市| 江津市| 巨野县| 潜江市| 饶河县| 乐业县| 思南县| 汉寿县| 德钦县| 阜南县| 赞皇县| 苗栗县| 桑植县| 鄯善县| 团风县| 景东| 兴安县| 宜城市| 肥城市| 贵港市| 永年县| 宁都县| 伊春市| 田东县| 鄄城县| 桃源县| 太康县| 阳城县|