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A total of 31 Chinese provinces have....>

CHINA PRESS
CHINA PRESS: A total of 31 Chinese provinces have confirmed they will pass on a
number of key tax cuts to small and micro-sized sized enterprises, the Shanghai
Securities Journal reported Tuesday. The cuts are to taxes on resources, urban
maintenance, property, urban land use, and stamp duty, farmland occupancy, in
addition to cutting education fees by 50%. The cuts exclude cuts to stamp duty
on stock trading.
- The cuts take immediate effect until end-2021, according to the Journal.
- In January, the Ministry of Finance and the State Administration of Taxation
gave local government the autonomy to reduce those taxes by a maximum of 50%.

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