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China mulling reduction of VAT rate on manufacturing industry

August 26, 2016


Abstract : Since 2016, China has unveiled a batch of policies to reduce enterprises' cost burden, including tax and fee reduction measures. The country is mulling reduction of value-added tax (VAT) rate on manufacturing industry, reported the Xinhua-run newspaper Ec

BEIJING -- Since 2016, China has unveiled a batch of policies to reduce enterprises' cost burden, including tax and fee reduction measures. The country is mulling reduction of value-added tax (VAT) rate on manufacturing industry, reported the Xinhua-run newspaper Economic Information Daily on August 22.

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