男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Economy

Govt expands VAT program to all industries

By Dai Tian (chinadaily.com.cn) Updated: 2016-03-25 13:49

Govt expands VAT program to all industries

[Photo/VCG]

Construction, real estate, finance and consumer services will become the last four sectors to switch from business tax to value-added tax (VAT), starting from May 1, announced taxation authorities on Thursday.

The land fee paid to the government will be deductible from the tax base, according to a guideline released by the Ministry of Finance and the State Administration of Taxation.

Construction and real estate companies will be charged an 11 percent tax, while finance and consumer service sectors will pay a 6 percent rate under the guideline.

The move will put an end to the business tax, which has been blamed for causing tax on tax, or charging on the taxes already priced in.

China has been gradually replacing the business tax with VAT in a drive to boost real economy.

Premier Li Keqiang stated in the 2016 Government Work Report that the tax burdens for the industry will only decrease.

According to an official estimate released after a State Council meeting, the VAT reform is expected to reduce taxes by more than 500 billion yuan ($76.9 billion) this year.

Consumer services stocks should benefit the most, followed by auto dealers and makers, said the Credit Suisse in a note released earlier this month.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 金堂县| 仁化县| 奉贤区| 阳城县| 大城县| 泌阳县| 镇康县| 大埔区| 绥棱县| 安仁县| 绥芬河市| 清苑县| 闽侯县| 上思县| 佛坪县| 孟村| 林西县| 禹城市| 宁乡县| 衡南县| 保山市| 小金县| 宣威市| 怀仁县| 蒲城县| 富宁县| 洪泽县| 准格尔旗| 通州市| 农安县| 阿拉尔市| 温泉县| 马尔康县| 道孚县| 大宁县| 长子县| 皮山县| 毕节市| 育儿| 玛曲县| 陆川县|