China to deepen value-added tax reform

A new round of value-added tax (VAT) cuts is set for April 1. Authorities say China's manufacturing sector will benefit most this time, as the VAT rate for manufacturers will drop from 16 to 13 perce

China to cut import firms' tax burden by...

BEIJING, March 27 (Xinhua) -- China's customs will significantly cut VAT rates for its import enterprises in 2019, the latest move to reduce the financial burden of enterprises. The total VAT reducti

Economic Watch: Companies, consumers to ...

BEIJING, March 22 (Xinhua) -- Both companies and consumers in China will benefit from massive VAT cuts that will be implemented next month. On Thursday, the Ministry of Finance and two other governme

China announces detailed VAT reform meas...

Chinese authorities Thursday announced detailed measures to implement the country's value-added tax (VAT) reform to further reduce the tax burden on various industries. Starting April 1, taxpayers th

China announces detailed VAT reform meas...

BEIJING, March 21 (Xinhua) -- Chinese authorities Thursday announced detailed measures to implement the country's value-added tax (VAT) reform to further reduce the tax burden on various industries.

China vows deeper VAT reform to boost ec...

China will implement a slew of measures to cut the value-added tax (VAT) rates, making sure that tax burdens on all industries will only go down, not up, the State Council's executive meeting presid