07/25/13
BEIJING, July 24 (Xinhua) -- China will suspend the value-added tax (VAT) and turnover tax for small businesses with monthly sales of less than 20,000 yuan (3,226 U.S. dollars) starting from Aug. 1.
The announcement was made in a statement released Wednesday after an executive meeting of the State Council presided over by Premier Li Keqiang.
The move will benefit more than six million small companies and boost the employment and income for tens of millions of people, the statement said.
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BEIJING, July 24 (Xinhua) -- China will suspend the value-added tax (VAT) and turnover tax for small businesses with monthly sales of less than 20,000 yuan (3,226 U.S. dollars) starting from Aug. 1.
The announcement was made in a statement released Wednesday after an executive meeting of the State Council presided over by Premier Li Keqiang.
The move will benefit more than six million small companies and boost the employment and income for tens of millions of people, the statement said.
Read More
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