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Friday, 15 March 2019 13:00

China determined to implement larger tax, fee cuts

China determined to implement larger tax, fee cuts

Premier of China Li Keqiang said on March 15 that the country is determined to implement larger scale tax and fee cuts this year as a key countermeasure against downward economic pressure, Caspian Energy News (www.caspianenergy.net) reports with reference to the press office of the State Council of the People’s Republic of China.

The Premier made the remarks at a news conference after the conclusion of the annual session of China’s national legislature.

 “We are going to cut value-added tax rates for manufacturing and other basic sectors, as well as for small and medium-sized companies, the largest providers of jobs in our country, in a meaningful way,” the Premier said.

 “This will create a more enabling environment for companies and in effect cultivate our tax sources.”

More details:

http://english.gov.cn/premier/news/2019/03/15/content_281476563526288.htm

Person in charge of the newsline: Olga Nagiyeva 

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