日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Policy Watch

Tax break threshold rises again

By Zhao Yinan (China Daily) Updated: 2015-08-20 07:45

Tax break threshold rises again

A Chinese clerk counts RMB (renminbi) yuan banknotes at a bank in Huaibei city, East China's Anhui province, January 22, 2015.[Photo/IC]

More small, micro companies to benefit through end of 2017 in innovation drive

More small and micro businesses will be eligible for tax breaks as China strives to encourage innovation and boost employment in the face of downward economic pressure, the State Council decided on Wednesday.

An executive meeting of the council, presided over by Premier Li Keqiang, decided that businesses with annual taxable income below 300,000 yuan ($46,900) will be eligible for a 50 percent reduction in business income tax.

The policy will be effective through the end of 2017. Eligible companies will pay a 20 percent tax rate, five percentage points lower than peer businesses.

It is the second time this year that the State Council, China's Cabinet, has raised the income threshold for businesses to qualify for the tax reduction. In February, the government raised the threshold for small and micro companies from 100,000 yuan to 200,000 yuan.

In addition, the State Council decided on Wednesday to extend through 2017 the exemption of the value-added tax and sales tax for small businesses and individually owned businesses with less than 30,000 yuan in monthly sales. The exemption had been set to expire at the end of the year.

Tax breaks for small and micro businesses in China totaled 61.2 billion yuan last year, according to the State Administration of Taxation, the country's top taxation authority. At least 10 billion yuan of business income tax has been reduced, and more than 2.46 million businesses have benefited, the administration said.

Wang Yuanzhi, deputy secretary-general of the China Association of Small and Medium Enterprises, said small and micro businesses-mostly private companies-are good job creators.

"A healthy development of small businesses contributes greatly to the vitality of the market and helps the national economy to counter the downward pressure" he said.

Economic indicators in July fell short of market expectations, showing that the Chinese economy still lacks momentum.

The country's value-added industrial output, which measures the final value of industrial production, expanded by 6 percent year-on-year in July, down from 6.8 percent in June.

Fixed-asset investment, a major driver of growth, also witnessed slightly slower expansion, with no sign of improvement for investment in property and infrastructure. Retail sales held steady in July, with the growth rate just 0.1 of a percentage point lower than a month ago.

Wednesday's meeting also decided to take pro-growth measures, including the development of the logistics industry and big data industry, as part of the government's efforts to prop up the economy.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 日韩日日夜夜 | 欧美成人a视频 | 日韩国产在线观看 | 自拍偷拍视频网 | а√天堂8资源中文在线 | 视频一区国产精品 | 国产精品人成在线观看免费 | 97福利影院 | 欧美一区一区 | 日韩欧美中| 国产视频在线观看一区二区 | 宅男午夜影院 | 精品综合网| 豆国产97在线 | 亚洲 | 成人精品国产免费网站 | 欧美成人精品欧美一级乱黄 | 黄色av导航 | 欧美日韩精品 | 午夜视频免费观看 | 91免费观看视频 | 国产一区二区三区在线看 | www.av.| 欧美一a一片一级一片 | 中文字幕视频在线播放 | 国内自拍网站 | 91丁香 | 久久久久蜜桃 | 成人免费看片39 | 成人午夜大片 | 亚洲欧美在线观看 | 一二三四国产精品 | 日日射av | 男人疯狂高潮呻吟视频 | 欧美又粗又深又猛又爽啪啪九色 | 国产做受入口竹菊 | 午夜视频一区二区三区 | av一道本 | 超碰1997| 欧美中文字幕第一页 | 久操视屏| 黄页网站在线看 |