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Policy

China relieves tax burden for processing trade firms

April 15, 2020


Abstract : China will exempt interest on tax deferred for domestic sales of processing trade enterprises in 2020, the Ministry of Finance said Wednesday.

BEIJING, April 15 (Xinhua) -- China will exempt interest on tax deferred for domestic sales of processing trade enterprises in 2020, the Ministry of Finance said Wednesday.

The policy is effective from Wednesday to Dec. 31 in a bid to stabilize the development of processing trade and relieve the burden on enterprises, the ministry said.

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Keyword: trade tax processing trade

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