日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

VAT to cut enterprise taxes further

By Hu Yongqi | China Daily | Updated: 2017-09-29 07:05
Share
Share - WeChat

People enter a taxpayer service hall in Beijing, Dec 13, 2010. [Photo/IC]

Taxes collected from enterprises will be cut further amid a pilot reform that has replaced the business tax with a value-added tax, Premier Li Keqiang said.

The tax policy should be fine-tuned to ensure taxes are reduced for all piloted industries, Li told a meeting he presided over on Wednesday. The scale and procedures for deductible taxes also must be improved, he said.

In addition, the premier said, the process should be streamlined for taxpayers by introducing information technologies. Further, there should be a crackdown on illegal actions such as tax evasion, Li said.

The existing regulation on the business tax, revised by the State Council in 2008, should be terminated, as the value-added tax has replaced the business tax, he said.

Eight speakers, including Shanghai's mayor and Henan and Sichuan's governors, reported on the reform outcomes and contributed their suggestions, along with the heads of financial, construction and manufacturing enterprises and economists from universities.

The pilot reform was initiated in 2012 and expanded in May 2016 to cover the four remaining sectors: construction, real estate, finance and services. So far, enterprises have saved 1.7 trillion yuan ($255 billion) in taxes under the change.

The speakers said the reform, as the most vital tax-reduction policy for the government, has helped expand the tax base and employment, promote standardized management of the industries involved and further economic restructuring and innovations. In addition, new industries and business models are booming.

Liang Wengen, founder and chairman of the construction machinery maker Sany Group, said the reform has created long-term benefits for the economy.

Taking his company as an example, costs for transportation and technical transfers now can be deducted in the VAT regime.

In response, Li called to prioritize the tax structure by merging some of the ongoing VAT rates-6 percent, 11 percent and 17 percent-and to reduce the VAT for manufacturers. Starting on July 1, the previous 13 percent VAT was discontinued.

More importantly, institutional costs should be reduced by cutting taxes and fees collected from enterprises to cultivate a business environment in which innovation, industrial upgrading and fair competition are encouraged and promoted, Li said.

Liu Yi, a professor of economics at Peking University, said the value-added tax has played an important role in improving connections between the secondary and third-tier industries, promoting industrial upgrading and the service sector. "Traditional small and medium-sized enterprises are becoming more competitive as our surveys found," she said.

Top
BACK TO THE TOP
English
Copyright 1995 - . 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
 
主站蜘蛛池模板: 超级97碰碰碰碰久久久久最新 | 亚洲国产精品视频 | 99精品国产高清在线观看 | 欧美18av | 成人av观看 | jizzzxxxxhd| 国产特级毛片AAAAAAA高清 | 欧美国产日本高清不卡 | 日本一道本视频 | 91大神在线看 | 黄色网一级片 | 成人欧美s视频在线观看 | 韩国美女丝袜一区二区 | 操欧美女 | 成人免费精品 | 亚洲国产伦理 | 日产精品乱码卡一卡2卡三 久久99精品久久久久久综合 | 日韩少妇成熟A片无码专区 黄在线免费观看 | 欧美激情刺激爽免费视频观看 | 免费国产黄频在线观看视频 | 欧美视频区 | 久草网在线 | a视频在线免费观看 | 色精品一区二区三区 | 韩国三级bd高清中字木鱼天 | 在线视频成人 | 日韩在线网址 | 色哟哟哟在线精品观看视频 | 国产成人免费高清激情视频 | 免费大香伊蕉在人线国产 | 婷婷色香五月激情综合2020 | 亚洲精品日本高清中文字幕 | 青青久久 | 欧美一区二区三区免费视频 | 久草视频福利在线观看 | 久久久久久久久久网 | 欧美日韩国产在线 | 国产一区二区在线免费观看 | 毛片特级 | 一级欧美视频 | 国产一区 |