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VAT-reform program
VAT-reform program
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A pilot program to replace the business tax with a value-added tax in the transport sector and certain service sectors will be rolled out to other sectors nationwide on Aug 1, the Finance Ministry announced on May 28. As well as transport and some modern service sectors including research and development, information technology and consulting, the program will be expanded to radio, film and television industries, according to a notice on the ministry's website.
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  • By Shi Jing In Shanghai(China Daily)2017-05-20 07:45

    Two employees from Shanghai Fisheries Group Co Ltd serve tuna at an industry expo held in Shanghai. [Photo/China Daily]The Shanghai municipal government announced a fresh round of reform and restructuring of local State-owned enterprises on Thursday. As part of the reform, Bright Food (Group) Co Ltd...

  • By Yang Zhiyong(China Daily)2017-05-19 07:24

    The pilot tax policy for deductable commercial health insurance products will be extended to the entire country on July 1. This pilot program for individual income tax was first implemented in 31 cities, including Beijing, Shanghai, Tianjin and Chongqing in 2016. According to the pilot, the amount p...

  • (China Daily)2017-05-19 07:23

    With this year's highly competitive college entrance exam approaching, educators are weighing reforms to the system. The exam, known as the gaokao, is of vital importance to millions of students and their families, as well as other stakeholders, said Tan Songhua, of the Ministry of Education's educa...

  • By Zhang Yi(China Daily)2017-05-19 07:19

    The judicial reform launched two years ago has made it easier for lawsuits to be filed, resulting in a rapid rise in the number of court cases, the nation's top court said on Thursday. In response to public complaints about the difficulty and inconvenience in filing lawsuits, the Supreme People's Co...

  • By Zhuan Ti(China Daily)2017-05-13 07:28

    The Shanghai Zhangjiang National Innovation Demonstration Zone, which has 310 Fortune Global 500 companies, is taking steps to promote innovation and entrepreneurship by developing more specific policies. The administrative committee of the zone built a Zhangjiang-Boston industrial park together wit...

  • (China Daily)2017-05-11 06:50

    MANAMA - FIFA bosses on Tuesday recommended replacing the ethics judge who helped bring down Sepp Blatter and Michel Platini, prompting accusations that the move was politically motivated. At a five-hour meeting of the FIFA council in Bahrain, chaired by president Gianni Infantino, it was decided t...

  • (Xinhua)2017-05-08 13:13

    An exhibitor holds up two folded fans featuring Qin Dynasty (221 to 206 BC) characters at the 12th China Cultural Products Trade Fair in Yiwu, Zhejiang province, April 27, 2017. [Photo/VCG]BEIJING - China is planning to develop its cultural industry into a pillar of the national economy by 2020 by u...

  • (Xinhua)2017-05-05 17:38

    Beijing - Local governments will receive incentives and fiscal support for implementing reforms and policies to support growth, officials announced at a State Council Information Office press conference Friday.Currently, there are 24 incentive measures, focusing on sectors including capacity cuts, p...

  • By Michael Spence(China Daily)2017-05-05 07:30

    The first round of the French election turned out much as expected: the centrist Emmanuel Macron finished first, with 24 percent of the vote, rather narrowly beating the right-wing National Front's Marine Le Pen, who won 21.3 percent. Barring a political accident of the type that befell the former f...

  • By Li Xiang, Cai Xiao And Wang Yanfei(China Daily)2017-05-04 07:58

    A man passes by a taxpayer service hall in Beijing, Sept 10, 2013. [Photo/VCG]China's effort to reduce the corporate tax burden has played a positive role in boosting economic growth, experts said on Wednesday, calling on the government to further deepen tax reform to cushion the potential impact of...

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