BEIJING: China is set to scale up its value-added tax (VAT) credit refunds as part of tax- and fee-reduction efforts to ease the burden on businesses and strengthen the vitality of market entities.
The refunds will reach approximately 1.5 trillion yuan (about $235 billion) this year, with priority given to micro and small enterprises and the manufacturing industry, Chinese Vice Minister of Finance Xu Hongcai told a recent press conference.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.