China's new policy on VAT reduction comes into effect
2019-04-02
A staff (L) explains to a taxpayer about a new policy on VAT reduction at a local tax bureau in Yongnian district of Handan, North China's Hebei province, April 1, 2019. Starting on April 1, companies that are subject to the 16-percent VAT rate on their taxable sales or imported goods will enjoy a 13-percent VAT rate, while those who are subject to the 10-percent VAT rate will only need to pay 9 percent, reads a Ministry of Finance statement. [Photo/Xinhua]
A staff (R) explains to a taxpayer about a new policy on VAT reduction at a local tax bureau in Fengze district of Quanzhou, Southeast China's Fujian province, April 1, 2019. [Photo/Xinhua]
A staff (L) explains to a taxpayer about a new policy on VAT reduction at a local tax bureau in Fengze district of Quanzhou, Southeast China's Fujian province, April 1, 2019. [Photo/Xinhua]
Staff members help citizens with taxpaying at a local administrative service center in Huancui district of Weihai, East China's Shandong province, April 1, 2019. [Photo/Xinhua]
