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Top 6 new regulations influencing Chinese businesses

chinadaily.com.cn | Updated: 2018-06-01 06:45

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3 Cut value-added tax

An employee counts yuan banknotes at a bank in Huaibei, East China's Anhui province, on June 22, 2010. [Photo/Agencies]

Starting June 1, the original value-added taxes of 17 and 11 percent will be reduced, according to a notice on adjustment of value-added tax released by the State Administration of Taxation.

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