Tax reform on the agenda
Source: Xinhua |
00:01 UTC+8 March 26, 2018
|
Print Edition
Print Edition
CHINA will step up making its taxation system and structure as effective as possible while paying close attention to international tax reform, Minister of Finance Liu Kun said yesterday.
Value-added tax rates will see further adjustments, and those in sectors including manufacturing and transportation will be lowered. A total of 918.6 billion yuan (US$145.6 billion) was saved last year via China’s reform program to replace business tax with VAT. China will also reform its personal income tax system to raise tax breaks in relation to spending on children’s education and critical illness.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
