久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

US EUROPE AFRICA ASIA 中文
Business / Policy Watch

China expands VAT pilot program to all industries

(Xinhua) Updated: 2016-03-24 20:26

BEIJING - China's financial and taxation authorities announced it would expand its value-added tax (VAT) pilot program to all industries on Thursday in order to deepen the country's fiscal and taxation reform.

Starting from May 1, the replacement of business tax with VAT will be extended to construction, real estate, finance and consumer services, to ensure that the tax burdens on all industries be reduced, said a joint statement from the Ministry of Finance and the State Administration of Taxation.

Eleven percent VAT will be levied on construction and real estate companies, while a 6 percent rate will be imposed on finance and consumer service sectors, according to the statement.

Tangible goods have been subject to VAT for some time, but the levy on services is business tax, which is imposed on the value of a firm's sales. Such a crude system results in a tax on tax: it is charged on the taxes already priced in the supplies they buy. VAT avoids this, as it is applied to the value added at each link in the chain of production.

According to an official estimate released after a State Council meeting last Friday, the reform will ease taxes by more than 500 billion yuan (76.9 billion U.S. dollars) this year.

A business tax-to-VAT pilot began in 2012 and has been gradually expanded. It has reduced the tax burden of enterprises, most of which are small companies, by 641.2 billion yuan by the end of 2015.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久久久99视频 | 国内精品久久久久久久aa护士 | 成年人免费在线视频网站 | 成人污网站 | 一级片在线观看视频 | 美女网站色免费 | 久久久久久综合七次郎 | 曰本人做爰大片免费观看一 | 香蕉久久夜色精品国产2020 | 国内成人精品视频 | 亚洲国产精品大秀在线播放 | 97天天干 | 国产成人永久免费视频 | 精品成人一区二区三区免费视频 | 久久国产精品亚洲 | 国产美女视频做爰 | 99精品国产在热久久 | 国产毛片久久久久久国产毛片 | 亚洲视频 中文字幕 | 欧美一级二级毛片视频 | 国产一区二区精品在线观看 | 精品国产三级v | 欧美日韩国产一区二区三区播放 | 伊人狼人影院 | 成人国产三级在线播放 | 欧美国产在线视频 | 欧美三级不卡在线观看视频 | 日韩一区二区免费看 | a国产片 | 国产一区二区三区免费观看 | 国产亚洲欧美日韩在线观看一区二区 | 天堂色网站 | 性欧美欧美之巨大69 | 日韩三级在线 | 韩国v欧美v亚洲v日本v | 欧美日韩国产高清一区二区三区 | 国产一级在线观看www色 | α片毛片 | 91极品尤物 | 亚洲精品在线免费 | 欧美在线观看免费一区视频 |