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: 国产精品黄视频 | 国产精品毛片在线 | 日韩精品视频免费 | 久久精品国产99国产 | 亚洲一区中文字幕在线观看 | 欧美精品18videosex性俄罗斯 | 精品尤物 | 中文字幕电影在线观看 | 欧美一区二区三区四区五区 | 亚洲色图日韩 | 成人18免费网站在线观看 | 日韩欧美高清 | 日韩一区不卡 | 日韩一区二区在线视频 | 久久香蕉国产精品一区二区三 | 亚洲国产日韩在线观看 | 成人免费看黄网站yyy456 | www大片 | 国产精品久久久久一区二区 | 鲁一鲁影院 | av网站免费观看 | 中文字幕日韩一区二区 | 91精品国产爱久久久久 | 久草观看| 欧美一区免费 | 一区日韩 | 日韩精品在线一区 | 狠狠综合久久久久综 | 亚州国产| 黄视频免费在线 | 性少妇videosexfreexx入片 | 色在线视频网站 | 欧美日韩中文在线观看 | 日本欧美日韩 | 欧美成人一区二区 | 欧美一区二区免费 | 免费香蕉视频 | 日韩欧美国产精品 | 深夜福利久久久 | 久久99精品国产麻豆婷婷洗澡 | 草草视频免费观看 |