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

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

Taxes, costs cut to help businesses grow

By ZHANG YUE | China Daily | Updated: 2017-04-20 05:37

Taxes, costs cut to help businesses grow

China's efforts to ease financial burdens for businesses are paying off, as figures released on Monday show GDP growth hit 6.9 percent for the first quarter, with investment picking up and retail rebounding.[Photo by Duan Bingde/for China Daily]

New tax cuts to spur economic dynamism were approved at the State Council's executive meeting, presided over by Premier Li Keqiang, on Wednesday. Some pilot taxation incentives will be expanded, and the value added tax will be consolidated.

They are the first tax incentives since the two sessions legislative and advisory meetings, "and they must be fully implemented in a timely manner," Li emphasized.

Tax burdens on businesses will be eased by about 350 billion yuan ($50.8 billion), a goal set in this year's Government Work Report in March. The government will further streamline tax structures as part of a flatter and more transparent tax system.

Li promised to cut businesses' taxes and the costs of internet, electricity and logistics by about 1 trillion yuan.

Wednesday's meeting produced a series of tax measures:

? The nationwide value-added-tax reform will have a flatter structure. Starting in July, four VAT brackets will be streamlined into three, with tax rates of 17, 11 and 6 percent on different products.

? Tax incentives for small enterprises with limited profits are being applied to more companies between 2017 and 2019. Eligibility is extended to businesses with income under 500,000 yuan, instead of the previous 300,000.

? Pretax deductions for innovation-based tech firms will be expanded from 50 to 75 percent of primary research and development costs from 2017 to 2019.

? Tax incentives for venture capital firms will be available to fledging high-tech companies in eight designed locations as well as at Suzhou Industrial Park starting this year.

? Additional tax cuts for commercial health insurance will be applied nationwide, with an upper limit on deductions of 2,400 yuan per person.

It also was decided that a package of tax cuts that expired in 2016 will be available for the next three years.

The above measures are expected to cut taxes by 380 billion yuan this year.

China's efforts to ease financial burdens for businesses are paying off, as figures released on Monday show GDP growth hit 6.9 percent for the first quarter, with investment picking up and retail rebounding.

"At the same time, we must drop unnecessary nontax charges ... for enterprises for a greater competitive edge," Li said.

 

Most Viewed in 24 Hours
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
主站蜘蛛池模板: 精品亚洲成a人片在线观看 在线看片h站 | 国产成人一区二区三区 | 国产成人综合网在线观看 | 国产亚州av| 日韩做A爰片久久毛片A片 | 国产日韩欧美在线观看 | 国产人成精品综合欧美成人 | 91在线 | 欧美| 孕妇体内谢精满日本电影 | 国产萝控精品福利视频免费观看 | 国产精品成人亚洲一区二区 | 日韩高清中文字幕 | 久久国产精品久久久久久久久久 | 日日操夜夜爽 | 日本中文字幕网站 | 成人免费影 | 青青草华人在线 | 久久久久成人精品亚洲国产 | 久久国产精品一区二区三区 | 播五月开心婷婷综合 | 加勒比AV一本大道香蕉大在线 | 日韩视频在线播放 | 国产免费叼嘿在线观看 | 色人阁久久 | 欧美jlzz18性欧美 | 欧美日韩中文在线 | xxxxhdvideosex| 女生羞羞网站 | 欧美喷潮久久久xxxxx | 天天色综合色 | 色老头久久网 | 午夜视频直播 | 国产精品免费大片一区二区 | 一类黄色大片 | av在线毛片 | 亚洲精品播放 | 四虎影视免费观看免费观看 | 香蕉久久一区二区不卡无毒影院 | 四虎1515hh海外永久免费在线 | 美女一级 | 国产探花在线精品一区二区 |