Free Trial

China will exempt the value-added tax for.....>

CHINA
CHINA: China will exempt the value-added tax for small-scale taxpayers in Hubei
province, the epicentre of the coronavirus outbreak, and lower the tax rate to
1% from 3% in other regions from March to May, according to a government
statement. The announcement on gov.cn cited the State Council executive meeting
late Tuesday, and said China would also add CNY500 billion in refinancing and
through rediscount quotas, mainly to increase small and medium banks' credit
support for small firms. Policy banks would increase CNY350 billion of special
credit lines, which would be issued to private and small companies at
preferential interest rates, according to the statement. 

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.