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: 精品视频在线免费看 | 天天干天天谢 | 久久久久国产成人精品亚洲午夜 | 亚洲一区二区三区高清 | 欧美一区二区三区在线观看视频 | 日韩视频在线一区 | 日日操夜夜 | 成人国产精品一区二区毛片在线 | 91精品一区二区三区久久久久久 | 国产浮力第一浮力 | 欧美激情综合色综合啪啪五月 | 亚洲三级在线 | 国产精品怕怕怕视频免费 | 成人在线免费观看 | 美国黄色一级片 | 瑟瑟综合 | 综合第一页| 日产国产欧美视频一区精品 | 99热人人| 欧美黄色一区 | 久久视频这里只精品3国产 色偷偷偷 | 久草.com | 国产精品香蕉 | 无码免费人妻A片AAA毛 | 日韩久草 | 日韩成人免费电影 | 婷婷激情五月综合 | 国产成人羞羞视频在线 | 亚洲综合视频一区 | 国产精品一区在线观看你懂的 | 欧美一区二 | 色噜噜狠狠大色综合 | 亚洲综合久久久久久888 | 91视频观看 | 黄色特级一级片 | 韩国三级中文字幕hd久久精品 | 午夜成人免费视频 | 男女激情啪啪 | 奇米狠狠色 | 日本夜爽爽一区二区三区 | 另类国产ts人妖高潮系列视频 |