Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Credit
Policy

China to extend tax relief policy for western firms

April 29, 2020


Abstract : China's financial authorities decided to extend the term of tax relief measures targeting corporates in western China for another three years, as a powerful prop to promote the development and opening-up of the region.

BEIJING, April 28 (Xinhua) -- China's financial authorities decided to extend the term of tax relief measures targeting corporates in western China for another three years, as a powerful prop to promote the development and opening-up of the region.

The decision, effective from Jan. 1, 2021 to Dec. 31, 2023, will offer a lowered income tax rate of 15 percent for the designated firms in western regions, according to a recent circular jointly released by the Ministry of Finance, the State Tax Administration and the National Development and Reform Commission.

The preferential policy will apply to regions including Inner Mongolia Autonomous Region, Guangxi Zhuang Autonomous Region, Tibet Autonomous Region and Ningxia Hui Autonomous Region, provinces of Sichuan, Guizhou, Yunnan, Shaanxi, Gansu, Qinghai, city of Chongqing, as well as Xinjiang Uygur Autonomous Region, and Xinjiang Production and Construction Corps, the circular said. Enditem

Scan the QR code and push it to your mobile phone

Keyword: tax tax relief

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial