Arab Today, arab today china\s vat reform set to benefit more businesses
Last Updated : GMT 16:42:01
Arab Today, arab today
Arab Today, arab today

China\'s VAT reform set to benefit more businesses

Arab Today, arab today

Arab Today, arab today China\'s VAT reform set to benefit more businesses

Beijing - XINHUA

Over 1 million more taxpayers will be included in China\'s value added tax (VAT) reform, which is set to expand nationwide in August, according to the State Administration of Taxation (SAT). In an effort to avoid double taxation for businesses, the Chinese government introduced a pilot plan in Shanghai last year to replace the business tax in transport and some service sectors with a value-added duty that is charged only on the added value of each link in the production chain. The plan was later extended to another 11 regions, including Beijing, Tianjin and Shenzhen, and the government decided in April to spread the practice nationwide starting August. In the first five months of 2013, the reform has eased tax burdens by 40.6 billion yuan (6.57 billion U.S. dollars) for 1.29 million businesses in the nine regions that first piloted the scheme, deputy head of the SAT Xie Xuezhi has revealed. In addition to bringing the reform to more regions, the government is also considering extending the plan currently applied to transport and some service industries to more areas. The State Council, China\'s cabinet, said in April that it would extend the reform \"at a due time\" to railway transport, postal services and telecommunications industries.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china\s vat reform set to benefit more businesses Arab Today, arab today china\s vat reform set to benefit more businesses

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china\s vat reform set to benefit more businesses Arab Today, arab today china\s vat reform set to benefit more businesses

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday