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China moves to cut costs for enterprises
Chinese authorities have issued a circular to further cut costs for enterprises to help them tide over the COVID-19 pandemic. The average costs of broadband for enterprises will fall by 15 percent this year, said the circular jointly issued by four government departments.
China extends small businesses tax exemptions by four years
China announced Sunday to extend tax exemptions by an additional four years to further improve the inclusive finance service for smaller businesses.
Thai Finance Minister: the cabinet approves extension of 7 percent of VAT rate for one year
Thai Finance Minister Mr. Uttam Sawangnoon revealed that today's cabinet meeting approved the extension of 7 percent of VAT rate for another year. A review of current economic situations concluded that it is inappropriate to resume the original 10 percent tax rate.
China's new tax cuts over 500 bln yuan in first 4 months
China's new tax cut policies saved 524.5 billion yuan (around 76 billion U.S. dollars) for businesses and individuals in the first four months of this year, official data showed Thursday.
China expected to speed up taxation legislation, industry experts
Chinese regulators are busy mapping out a timetable for legislation of substantive laws for eight tax categories and an adjective law on taxation administration to ensure statutory taxation by 2020, reported Economic Information Daily Tuesday.
China announces detailed VAT reform measures
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 cuts over 900 bln yuan in tax via VAT reform in 2017
China made further headway in cutting tax for enterprises in 2017 via its ongoing reform to replace business tax with value-added tax.
Albanian gov't partially exempts small businesses from VAT
The Albanian government has partially exempted small businesses from value-added tax (VAT), Finance Minister Arben Ahmetaj told reporters Tuesday.
China's VAT reform restructures economy, encourages entrepreneurship
China's value-added tax (VAT) reform, a key part of supply-side economic reform, has given impetus to economic growth and boosted entrepreneurship.
China to simplify VAT rates: official
Vice Finance Minister Shi Yaobin said on Friday that China will simplify VAT rates in the future to ease company tax burdens.
China's VAT reform delivers results: State Council
China's ongoing nationwide value-added tax (VAT) reform will reduce the tax burden for enterprises to the tune of 500 billion yuan (72.6 billion U.S. dollars) by the end of the year, according to a State Council meeting announcement.
MOF, SAT specify coal mining enterprises' input VAT deductions
The Ministry of Finance (MOF) and the State Administration of Taxation (SAT) on Wednesday issued a notice for specifying coal mining enterprises' input value-added tax (VAT) deductions.
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