Beijing mulls improving VAT law

By Xinhua News Agency

Aug 30, 2023 12:16 am

BEIJING: Chinese lawmakers are considering a draft value-added tax law that includes more details regarding the system for small-scale value-added taxpayers, as part of the efforts to further optimize the country's business environment.

The draft law was submitted on Monday to a session of the Standing Committee of the National People's Congress, China's top legislature, for a second reading. The first reading took place in December 2022.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Apple shareholders reject proposal to scrap company's diversity programs

Chinese firms ramp up Nvidia H20 chip orders

Zoom issues dour revenue forecasts

Domino's Pizza misses quarterly sales estimates

Apple aims to invest $500B in US

Starbucks to cut 1,100 jobs

Malaysia approves $86-B investments