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: 国产高清卡一卡新区 | 天天干夜夜爽 | 49pao强力免费打造在线高清 | 亚洲国产在 | 亚洲高清av | 国产福利小视频在线 | 国产精品无码永久免费888 | 一本到在线观看视频不卡 | 成人永久福利免费观看 | 欧美成人精品欧美一级乱黄 | 亚洲 精品 综合 精品 自拍 | 日韩在线免费电影 | 黑人黄色大片 | 久久91精品 | 欧美精品九九99久久在观看 | 日韩欧美在线观看 | 狠狠操狠狠干 | 成人午夜免费福利视频 | 日韩精品| 狠狠操电影| 99草在线 | 艹逼免费视频 | 亚洲成人激情av | 成人永久福利免费观看 | 精品久久久爽爽久久久AV | 特级黄一级播放 | 免费午夜不卡毛片 | 2021国产精品成人免费视频 | 91高清视频在线免费观看 | 四虎1515hh永久久免费 | 免费高清成人啪啪网站 | 欧美八区| 电影长安道无删减免费看 | 国亚洲欧美日韩精品 | 欧美日韩在线看 | 亚洲精品AV无码永久无码 | 精品国产三级 | 91免费观看 | 偷拍—91porny九色 | 精品欧美一区二区精品久久久 | 日韩精品高清在线 |