Shit, even the Chinese are smart enough to cut taxes for businesses
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Shit, even the Chinese are smart enough to cut taxes for businesses
Tax cut to benefit over 900,000 enterprises
English.news.cn 2012-11-26 19:45:00
NANJING, Nov. 26 (Xinhua) -- China's new round of structural tax cutting is likely to benefit more than 900,000 enterprises nationwide, according to a working conference held here on Monday to discuss the country's piloting of replacing business tax with a value-added tax (VAT).
About 710,000 enterprises have been covered by the tax-cutting program, and another 200,000 will be included starting from Dec.1 this year, according to the meeting jointly held by the Ministry of Finance and the State Administration of Taxation.
http://news.xinhuanet.com/english/china/2012-11/26/c_132000164.htm
English.news.cn 2012-11-26 19:45:00
NANJING, Nov. 26 (Xinhua) -- China's new round of structural tax cutting is likely to benefit more than 900,000 enterprises nationwide, according to a working conference held here on Monday to discuss the country's piloting of replacing business tax with a value-added tax (VAT).
About 710,000 enterprises have been covered by the tax-cutting program, and another 200,000 will be included starting from Dec.1 this year, according to the meeting jointly held by the Ministry of Finance and the State Administration of Taxation.
http://news.xinhuanet.com/english/china/2012-11/26/c_132000164.htm
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