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Asia Times

Asia Times

Covering geo-political news and current affairs across Asia

Tag: income tax reform

Posted inChina

Tax reform saves 200 billion yuan, says official

by Asia Times staff March 13, 2019February 18, 2020

China saved nearly 200 billion yuan (US$29.7 billion) in just four months following the nation’s income tax reform, said Wang Jun, the minister of State Administration of Taxation. Income tax revenue marked a 20% year-on-year growth in nine months to September 2018, however after income tax reform took effect in October last year, income tax […]

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