China strengthened several tax and fee relief measures to support the development of businesses and bolster the real economy this year, official data showed on Monday.
Newly implemented measures led to tax refunds, tax and fee cuts and deferrals amounting to 1.66 trillion yuan (about 233.28 billion U.S. dollars) in the first 10 months of 2023, according to the State Taxation Administration (STA).
Taxpayers in the private sector became the primary beneficiaries of the country's tax and fee relief measures, the STA said.
Nearly 1.24 trillion yuan of tax and fee payments was rebated, deducted or deferred for China's private businesses during the period, accounting for nearly 75 percent of the country's total.
Among all sectors, manufacturing and related wholesale and retail industries benefited the most from the support, the data showed.
- China strengthens tax, fee relief measures to shore up business
- China solicits opinions on punishment measures for telecom scammers
- Chinese FM meets U.S. business community representatives
- Thailand enters quality tourism agreement with Chinese business partners
- Lao gov't raises excise tax to reduce outflow of foreign currency
- Expo to reinforce China-ASEAN business ties
Popular Videos
Hot comments
- China Life: Chinese women shine with She Power
- First apes at U.S. zoo receive COVID-19 vaccine made for animals, zoo official says
- 86-year-old grandma in Hebei spends most her life on traditional cheongsam
- Homemade curling videos trending in China
- Outstanding Chinese women
- Asia is young!
- Three Chinese lithium companies pursue secondary listings in Europe
- Lantern Festival: A romantic celebration in China
- 6-year-old Chinese boy becomes youngest Rubik's Cube player for A-level
- Xi arrives in San Francisco for talks with Biden, APEC meeting
Top Reviews
- China strengthens tax, fee relief measures to shore up business
- China's new cross-sea highway one step closer to completion
- Panda bonds to help RMB expand footprint
- High-speed railway opens to traffic in west China without disturbing panda habitat
- China's youngest volcanic island welcomes rare whale visitors
- Malaysia's visa-free policy welcomed
- Malaysia's AirAsia adds 5.2 mln seats for flights between China, India, Malaysia in 2024
- Four Chinese students killed in traffic accident in Canada
- Chinese-developed aircraft carries more than 10 mln passengers
- Economic Watch: China's cross-border e-commerce thrives, delivering global dividends