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

Authorities pledge to fully implement tax benefits

By Xu Wei | China Daily | Updated: 2019-03-28 06:47
Share
Share - WeChat
As part of the tax cut measures, VAT eligible for deduction will be expanded to cover passenger transportation services. [Photo/VCG]

Chinese authorities have vowed to take concrete measures to fully implement tax cut plans this year to ensure that tax burdens of all industries will be reduced.

The Government Work Report this year set out tax cut plans including lowering the value-added tax rate in manufacturing and other industries from 16 to 13 percent, and the VAT rate in transportation, construction and other industries from 10 to 9 percent.

Cheng Lihua, vice-minister of finance, said at a news briefing on Wednesday that the authorities would work to ensure that the tax cuts, which are set to take effect starting from next month, will be implemented in full.

As part of the tax cut measures, VAT eligible for deduction will be expanded to cover passenger transportation services. Meanwhile, taxpayers will be able to get their tax on real estate payments deducted in full on a one-time basis, instead of on two occasions in two years.

Cheng said the manufacturing sector will be the largest beneficiary of the tax cuts among all sectors.

"Manufacturing is also the fundamental sector of the national economy. The benefits of tax cuts in the sector will be passed on to more sectors through the industry chains and price mechanisms," she said.

Meanwhile, taxpayers whose main businesses are postal services, telecommunications, modern services and consumer services will receive a 10 percent additional VAT deduction before the end of 2021, the State Council decided at an executive meeting last week. The four sectors saw their VAT rate remain unchanged at 6 percent during this round of tax cuts.

Sun Ruibiao, vice-minister with the State Taxation Administration, said the measure was in fact a temporary incentive policy to ensure the tax burdens of the four sectors will only go down in this round of tax reform.

This round of VAT reform, which is set to unleash a total tax cut of 1 trillion yuan ($148 billion), will at least double the total amount tax cuts that was previously rolled out, said Wang Jianfan, head of the tax policy department of the Ministry of Finance.

He noted that cutting the number of VAT brackets from three to two could require continuous efforts, and it would also be closely related to factors including economic growth and a change in tax regimes.

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: 波多野结衣一区二区三区在线观看 | 欧美亚洲一区二区三区在线 | 无限资源动漫精彩日本 | 久久久久99 | 国产日韩欧美三级 | 午夜免费电影院 | 成人av一区二区三区 | 亚洲AV久久综合无码东京 | 国产精品福利在线 | 91亚洲国产成人久久精品网站 | 欧美les免费观看网站 | 亚洲第一天堂 | 麻豆精品一区二区 | 这里只有精品在线视频观看 | 亚洲精品中文字幕乱码一区二区 | 国内精品视频在线观看 | 久久精品视频免费 | 久久国产精品一区 | 999国产一区二区三区四区 | 国产综合一区二区 | 天堂最新资源在线 | 九九精品视频在线播放 | 老司机午夜免费精品视频 | 国产一码二码免费观看 | 久久久999| 欧美日韩国产在线 | 天天色天天| 日本特黄的免费大片视频 | 欧美h视频在线观看 | 爱爱视频天天干 | 91精品国产综合久久久动漫日韩 | 亚洲国产日韩在线观频 | 大喷水吹潮magnet | 天天骑夜夜操 | 成人二区 | 欧美大片在线看免费观看 | 婷婷色香五月激情综合2020 | 欧美一区二区三区成人 | 亚在线 | 成人国产精品免费视频不卡 | 亚洲国产成人av好男人在线观看 |