
Tax breaks have seen 37.1 billion yuan (6 billion U.S. dollars) slashed from on China small companies' tax bills in the first three quarters of this year, government data showed .
Business income tax worth 7.46 billion yuan was reduced or scrapped, as companies with annual taxable business income below 100,000 yuan were eligible for a 50 percent reduction in their bills..
Value-added tax and turnover tax cuts were worth more than 29.6 billion yuan through a temporary suspension for certain small firms from August last year, data from the State Administration of Taxation showed.
The Ministry of Finance also announced on Thursday that a stamp tax on lending contracts between banks and small companies will be abolished.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:56 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 14:11 2018 Thursday ,08 November
Greek minister, Russian ambassador discuss possible investment projectsGMT 13:42 2018 Wednesday ,07 November
PM says Russian-Chinese trade turnover may reach $200 blnGMT 11:15 2018 Wednesday ,07 November
Top U.S. diplomat visits Pakistan to discuss economic cooperationGMT 13:53 2018 Thursday ,01 November
Alrosa to sell 127 large gem-quality rough diamonds at an auction in IsraelGMT 10:59 2018 Tuesday ,30 October
Trade turnover between Russia and Japan grows by over 17% in 2018Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor