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

VAT reform to go across all industries in 2016

(Xinhua) Updated: 2015-12-29 08:10

BEIJING - China's value-added tax (VAT) reforms will be implemented across all industries in 2016, an official with the Ministry of Finance (MOF) said on Monday.

The country will replace business tax with VAT in the remaining four industries -- finance, construction, property and consumer services, according to Lou Jiwei, head of the MOF.

Business tax refers to a levy on the gross revenue of a business while VAT refers to a tax levied on the difference between a commodity's price before taxes and its cost of production. A pilot scheme on business tax-to-VAT was tested in 2012 and gradually been expanded to industries including transportation, telecommunication and postal service.

One objective of VAT reform is to alleviate the corporate tax burden. From 2012 to the first half of 2015, the measure has resulted in tax savings of over 484.8 billion yuan ($75 billion), accounting for 0.2 percent of GDP in the period, according to a report by China International Capital Corp Ltd (CICC), the country's first joint venture investment bank.

Once all industries shift to VAT in 2016, the overall tax saving will be more than 900 billion yuan, or 0.4 percent of GDP, CICC predicted.

VAT can encourage firms to outsource more services rather than adopting a do-it-all business model, promoting the development of the service sector and the upgrading of manufacturing industries, the report added.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 91小视频在线观看 | 成人免费在线观看 | 99热这里只有精品99 | 日日摸日日干 | 蜜臀av粉嫩av懂色av | 欧美日韩综合在线 | 欧美成欧美va | 免费在线观看中文字幕 | 毛片综合 | 欧美专区在线视频 | 成人毛片100免费观看 | 你懂的在线观看视频 | 欧日韩一区二区三区 | 激情婷婷色 | 99久久婷婷国产综合精品草原 | 嫩草一区 | 国产黄色一区 | 手机看片欧美日韩 | 日本国产在线视频 | 性开放视频 | 国产69页 | 久久亚洲国产 | 国产日韩欧美精品在线 | 亚洲女同一区二区 | 影音先锋三级 | 青青青久久| 亚洲天堂午夜 | 国产老头视频 | 青青在线视频 | 91精品国产麻豆 | 精品国产视频在线观看 | 国产精选视频 | 777久久久| 欧美日韩一区二区三区四区 | 国产一区二区视频在线免费观看 | 成人福利在线观看 | 一区二区在线免费观看 | 一区二区三区视频在线播放 | 国产精品视频久久久久久久 | 久久官网| 中文字幕影院 |