BEIJING: Amid the headwinds brought by Covid-19 outbreaks across China, the government has taken countermeasures to assist manufacturing companies in coping with the impact of the public health crisis.
Tax authorities have deferred 333.5 billion yuan (about $50.4 billion) in taxes and fees for micro, small- and medium-sized manufacturing firms in the first quarter, and extended the deadline for tax payment by another six months.
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