Posted inChina

China lowers VAT on major industries

Chinese Premier Li Keqiang introduced both general-benefit and structural tax cut plans at the on-going 13th National People’s Congress in Beijing. This includes a 3% value-added tax cut for the manufacturing industry to 13% from 16%. The value-added tax for transportation and construction industries will be lowered to 9% from 10%, as part of government efforts […]

%d bloggers like this: