国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

China's new tax, fee cuts save businesses 1.2 trln yuan in H1

Source: Xinhua| 2019-07-23 15:17:33|Editor: Yamei
Video PlayerClose

BEIJING, July 23 (Xinhua) -- China's newly-introduced tax cuts and fee reductions have saved businesses by around 1.17 trillion yuan (about 170 billion U.S. dollars) in the first half of the year, official data showed Tuesday.

The private sector has gained the most from the reforms, with 671.2 billion yuan of taxes reduced during the period, according to data released at a press briefing of the State Taxation Administration (STA).

"The tax cuts and fee reductions have significantly enhanced business vitality... and increased market confidence," said Cai Zili, an official with the STA.

To counter downward pressure on the economy, the Chinese government has rolled out large-scale tax breaks for small and micro firms and further reduced individual income tax.

In the first half of the year, targeted tax breaks have saved small and micro businesses 116.4 billion yuan.

In the latest report, China International Capital Corporation Limited (CICC) predicted that the effect of large scale tax cuts this year will likely reach its peak in Q3, supporting corporate profitability and consumption growth.

China's economy expanded 6.3 percent in the first half, in line with the government's annual target of 6-6.5 percent.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011103261382506421
主站蜘蛛池模板: 青铜峡市| 两当县| 襄樊市| 盐亭县| 夏河县| 鸡西市| 博客| 深州市| 陇川县| 瑞金市| 北安市| 崇信县| 泰宁县| 英德市| 康平县| 东兰县| 土默特左旗| 朝阳区| 蒙城县| 贵定县| 林西县| 红安县| 丹巴县| 扎囊县| 贵阳市| 福贡县| 苍山县| 灵川县| 晋城| 马公市| 舟曲县| 德安县| 沙河市| 盈江县| 宜阳县| 长寿区| 阿拉善左旗| 玉屏| 亳州市| 邻水| 仪征市|