In 2021, China reduced taxes and fees by about 1.1 trillion yuan (US$174 billion), while deferring 216.2 billion yuan in tax payments from micro, small and medium-sized enterprises in the manufacturing sector.
January 26, 2022China cut about 1.1 trillion yuan (173.9 billion U.S. dollars) of taxes and fees in 2021, the top tax authority said on Wednesday.
January 26, 2022