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China's cabinet says it will put forward more measures to cut tax

Reuters  |  BEIJING 

(Reuters) - will put forward more measures to cut in an effort to lower cost for the real economy, according to a transcript of a cabinet meeting led by Chinese Li Keqiang.

The government will simplify the value-added rate system and cut value-added for agricultural products, natural gas to 11 percent from 13 percent, effective from July 1, 2017, according to the transcript posted on the microblog of the central government of

The cabinet also said the government will widen income benefits for small firms and it expects to further cut the burden by more than 380 billion yuan ($55.2 billion) in 2017.

($1 = 6.8852 Chinese yuan)

(Reporting by Monitoring Desk; Editing by Jacqueline Wong)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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China's cabinet says it will put forward more measures to cut tax

BEIJING (Reuters) - China will put forward more measures to cut tax in an effort to lower cost for the real economy, according to a transcript of a cabinet meeting led by Chinese Premier Li Keqiang.

(Reuters) - will put forward more measures to cut in an effort to lower cost for the real economy, according to a transcript of a cabinet meeting led by Chinese Li Keqiang.

The government will simplify the value-added rate system and cut value-added for agricultural products, natural gas to 11 percent from 13 percent, effective from July 1, 2017, according to the transcript posted on the microblog of the central government of

The cabinet also said the government will widen income benefits for small firms and it expects to further cut the burden by more than 380 billion yuan ($55.2 billion) in 2017.

($1 = 6.8852 Chinese yuan)

(Reporting by Monitoring Desk; Editing by Jacqueline Wong)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

China's cabinet says it will put forward more measures to cut tax

(Reuters) - will put forward more measures to cut in an effort to lower cost for the real economy, according to a transcript of a cabinet meeting led by Chinese Li Keqiang.

The government will simplify the value-added rate system and cut value-added for agricultural products, natural gas to 11 percent from 13 percent, effective from July 1, 2017, according to the transcript posted on the microblog of the central government of

The cabinet also said the government will widen income benefits for small firms and it expects to further cut the burden by more than 380 billion yuan ($55.2 billion) in 2017.

($1 = 6.8852 Chinese yuan)

(Reporting by Monitoring Desk; Editing by Jacqueline Wong)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22