Tax cut to benefit 900,000 enterprises
Updated: 2012-11-27 09:22
Comments(0) Print Mail Large Medium Small
NANJING - China's new round of structural tax cutting is likely to benefit more than 900,000 enterprises nationwide, according to a working conference held on Monday to discuss the country's piloting of replacing business tax with a value-added tax.
About 710,000 enterprises have been covered by the tax-cutting program, and another 200,000 will be included starting from Dec 1 this year, according to the meeting jointly held by the Ministry of Finance and the State Administration of Taxation.