Chinese Premier Li Keqiang chaired the weekly State Council meeting on Wednesday. In today’s discussions, China decided to temporarily exempt the value-added tax and turnover tax for micro-and-small firms which earns less than 20 thousand yuan, or around 3-thousand U.S. dollars per month.
The new move will take effect starting from August 1st and is estimated to benefit more than 6 million firms. At the same time, it’s announced that China will simplify its customs clearance and other processes to boost trade. Reforming railway construction financing also ranked top amongst key issues discussed.
发表于 2016-8-2 13:32:31