欧美日韩性大香蕉|精品无码成人视频|永久久久久久久久|日韩加勒比偷拍网|婷婷伊人久久蜜桃|亚洲理论中文字幕|中文无码黄色Av|三级一区二区三区|超碰在线精品专区|国语对白一级A片

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

Tax reductions pave the way for structural reforms

cntv.cn | Updated: 2013-08-01 10:53

With just hours to go till China rolls out Value Added Tax reform nationwide, companies are getting ready for exciting changes, Yin Yue shows us how taxes can play a role in China's economic rebalancing. 

Get Flash Player

Less tax, simpler taxation system this is China's goal of Value-added tax reform, which replaces business tax with VAT. Official figures show that in the first 5 months this year, companies have enjoyed substantial tax savings.

"So far the reform has saved 40.6 billion yuan for the nine participant provinces and cities." Lin Feng, Office of Service Tax & Commodity Tax, State Admin. of Taxation said.

The biggest winners are in the modern services industries. Not only are they saving taxes, but they are changing their businesses for the better.

"We speed up our research and development process to keep pace with the reform. In the first half of last year we set up a new research and development company. We also made changes to personnel and assets at the R&D arm. This year we will move even faster." Cai Lei, Vice President of Taxation, JD. com said.

The positive changes for Jing Dong, one of China's largest e-commerce companies are expected to be replicated at thousands of other service firms across China -- come August 1st.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US