China's VAT rebates help to ease difficulties for small business

China has refunded value-added tax (VAT) credits worth 917.8 billion yuan (US$130.3 billion) for micro- and small-sized enterprises, helping to ease their difficulties and keep the operations of market entities stable, an official said at a press conference in Beijing on Wednesday.

November 17, 2022

China's tax, fee cuts and deferrals reach 3.7 trillion yuan

China's tax refunds as well as cuts and deferrals to tax and fee payments have reached 3.7 trillion yuan (US$525.8 billion) this year, as the country continues to alleviate burdens on market entities, according to a policy briefing Wednesday.

November 16, 2022

China further eases corporate burden with tax, fee support

China's tax refunds, as well as tax and fee cuts and deferrals, topped 3.7 trillion yuan (about 525.8 billion U.S. dollars) this year as of Nov. 10, as the country continued efforts to ease enterprises' burden, official data showed Wednesday.

November 16, 2022