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China's tax and fee reduction initiative may boost overall economic growth by 0.8 percentage point this year, and policymakers are saving money to support economic growth through controlling unnecessary expenditures, Finance Minister Liu Kun reported to the country's top legislature on Wednesday.Tax
Tax authorities are preparing to enact significant tax cuts and fee reductions, said Wang Jun, commissioner of the State Taxation Administration, on Tuesday.China is establishing measures to cut taxes and fees by nearly 2 trillion yuan ($298 billion) this year, said Premier Li Keqiang in his Governm
China's "aggressive" tax cut plan for 2019 highlights the central government's determination to promote high-end manufacturing and could motivate enterprises to increase investment despite the temporary slowdown in industrial profits, experts said on Tuesday.The comments came after Premier Li Keqian
China has decided to improve its export tax rebate policy to reduce the business burden and bolster foreign trade, according to a State Council executive meeting chaired by Premier Li Keqiang on Monday. The export tax rebates for part of nylon and polyester products will be adjusted from Nov. 1.Effe
