Wednesday, May 4, 2016

Reduced Tax Burden on Business will Benefit Foreign Firms as well as Domestic Enterprises

The overall tax burden on enterprises operating in China is lower as a result of the VAT reform fully implemented yesterday. Experts said that while many businesses in the service sectors directly benefit from it, a host of manufacturing companies are also now better off as their purchased services are now deductible......Jarkas, of Cedrus Investments added:"As China grows in power and influence with an ever expanding market, the country has become more attractive to start-ups."
Daily Telegraph | Xinhua | Global Times | Sina | China.org.cn | New China | NewsGD

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