USEUROPEAFRICAASIA 中文双语Français
Home / China

Policy digest

By Hu Yongqi | China Daily | Updated: 2017-12-07 07:23

VAT revised as business tax is abolished

Policy digest

Interim regulations on value-added tax have been revised while the business tax has been abolished, according to a State Council decree signed by Premier Li Keqiang and released on Friday.

The new regulations took effect immediately after their release. According to the new regulations, all enterprises and individuals engaged in the sale of goods, processing, repairs and replacement or sales services, intangible properties, real estate, and imports of goods within China come under the value-added tax, and should pay the tax in line with regulations.

Policy digest

Today's Top News

Editor's picks

Most Viewed

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US