在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

More tax, fee cuts likely this year

By OUYANG SHIJIA | China Daily | Updated: 2021-05-12 09:33
Share
Share - WeChat
A taxation bureau official (left) answers a taxpayer's queries in Fuzhou, capital of Fujian province. [Photo/Xinhua]

China will continue to cut taxes and fees this year as part of the ongoing efforts to save costs for enterprises, the nation's top economic regulator said.

Nineteen targeted measures have been announced to reduce corporate costs, support the real economy and boost the vitality of the market this year, said a document released by the National Development and Reform Commission and three other ministries on Monday.

The measures include further optimizing taxes and fee cuts, bringing down government-imposed transaction costs, cutting labor costs for enterprises, canceling or lowering some highway and civil aviation charges and improving transport and logistics infrastructure.

Wu Xiaohua, vice-president of the Academy of Macroeconomic Research of the NDRC, said the new document is in line with key tasks mapped out in the Government Work Report this year, marking efforts to deepen supply-side structural reforms, stimulate market vitality and promote high-quality economic growth.

"The Chinese economy is now evolving into a more advanced growth mode, a more complex division of labor and a more reasonable structure, and boosting the real economy will be key to accelerating the economic transformation," Wu said. "The reduction of corporate costs will ensure steady and healthy development of the economy."

Citing the new document, Wu said the government will continue to optimize tax and fee cuts, reduce financing, labor, energy, land costs and implement other measures necessary to create a better business environment.

According to the document, the country will extend the duration of value-added tax relief measures for small-scale taxpayers and increase their monthly sales tax threshold from 100,000 yuan ($15,560) to 150,000 yuan.

In addition to the preferential policies already in force, China will halve the income tax for micro and small enterprises and self-employed individuals with annual taxable income of below 1 million yuan.

In terms of supporting advanced manufacturing enterprises, the country will continue to implement the policy of granting an extra tax deduction of 75 percent for the research and development costs of enterprises, and raise the same to 100 percent for manufacturing enterprises.

Wang Peng, distinguished research fellow of the Center for Hong Kong, Macao, Taiwan and World Affairs of the Communication University of China, said the government's new measures are part of the efforts to foster steady economic growth this year.

"While China has successfully prevented and controlled the COVID-19 epidemic and registered impressive economic growth, the globally-spreading pandemic has tipped the world economy into recession," said Wang.

"The new measures mark the government's latest move to deal with the novel coronavirus epidemic impact. It will also lighten the burden for enterprises and help increase their global competitiveness."

Citing this year's Government Work Report, Tao Jin, deputy director of the macroeconomic research center of the Suning Institute of Finance, said the government has ramped up the efforts to enhance the quality, efficiency and sustainability of its proactive fiscal policy, increasing support for efforts to ensure employment, living standards and the operation of market entities.

By the end of April, the 4,285 Chinese companies listed on the A-share market said taxes and fees paid in the first quarter accounted for 6.86 percent of their operating revenue, 0.99 percentage point lower than the figure during the same period a year ago, according to Tao.

To better implement the supportive policies, Tao said more efforts are needed to strengthen oversight over local governments and increase support for catering, hotels, services as well as micro and small businesses.

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: 殴美一区 | 亚洲人网站 | 午夜婷婷激情 | 成年人网站在线免费观看 | 欧美日韩一区二区在线 | 91天堂| 日韩精品在线免费观看视频 | 欧美色综合| 国产精品成人品 | 国产一区二区精品 | 亚洲成人一区二区三区 | 四虎新网址 | 韩国毛片在线观看 | 欧美日韩亚洲国产 | 日韩视频精品 | 蜜桃视频麻豆女神沈芯语免费观看 | 精品视频一区二区三区 | 国产欧美日韩 | 日本在线观看一区二区 | 2019中文字幕在线观看 | 性大毛片视频 | 性一级录像片片视频免费看 | 亚洲精品免费观看 | 国内精品久久久久久久影视蜜臀 | 亚洲日本aⅴ片在线观看香蕉 | 国产精品第一国产精品 | 蕉伊人| 欧美日韩在线免费观看 | 国产成人亚洲综合 | 黄色片免费 | 欧美国产在线观看 | 国产精品一区av | 狠狠操操 | 中文二区 | 免费成人在线网站 | 日韩在线不卡 | 国产精品欧美一区二区三区 | 99精品全国免费观看视频软件 | 亚洲免费电影一区 | 国产在线观 | 一区二区日韩 |