亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线

 

Tax breaks aimed at helping service sector

0 CommentsPrint E-mail China Daily, March 8, 2011
Adjust font size:

China will accelerate the reform of its tax system this year to shore up the transition of its economic growth pattern, said Xie Xuren, minister of finance, at a press conference during the National People's Congress (NPC) in Beijing on Monday.

The government will replace sales tax with value-added tax (VAT) for the service sector to unify tax implementation on goods and services and extend the consumption tax to high-energy-consuming products and high-end goods, said Xie.

In addition, it will also extend resources tax as well as property tax to a broader range, while reducing the tax burden on people with low incomes by raising the income tax threshold.

"We will make better use of taxes' role in adjusting the economy and distributing income, to stimulate enterprises' development, guide consumer spending and accelerate the transition of the development pattern," he said.

According to Xie, the government will start this year with a pilot program to impose VAT on some producer services industries - services that support manufacturing - while reducing the sales tax on them at the same time.

"The gradual unification of taxes on goods and services will boost development of the services sector," he said.

The government's goal of developing China's service industries during the 11th Five-Year Plan (2006-2010) failed to achieve all it set out to do within the time frame. Analysts said the sector is crucial to the country's transformation of its economic pattern, and it has huge potential for rapid growth during the next five years.

"VAT is levied only on manufacturing, while services are subject to a business tax that raises a much smaller amount. Given the heavy dependency of local governments on VAT revenue, they have a strong incentive to promote manufacturing, rather than services," said the Asian Development Bank in a report.

1   2   Next  


Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
    1. <ul id="556nl"><kbd id="556nl"><form id="556nl"></form></kbd></ul>
      <thead id="556nl"></thead>

      1. <em id="556nl"><tt id="556nl"></tt></em>
        <ul id="556nl"><kbd id="556nl"><form id="556nl"></form></kbd></ul>

        <ul id="556nl"><small id="556nl"></small></ul>
        1. <thead id="556nl"></thead>

          亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线 人妻无码久久影视 日韩久久久久久久久久久久 精品国产香蕉伊思人在线 无码国产手机在线a√片无灬 91在线视频无码