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In the May to October period, China.....>

CHINA PRESS
MNI (London)
CHINA PRESS: In the May to October period, China saw a total CNY298 billion cut
from its VAT take as it deepened VAT reform, the Securities Daily said Friday,
citing data released by the State Administration of Taxation.
- The manufacturing sector enjoyed the largest tax cuts, totalling CNY71.45
billion, or 39.8% of the total VAT tax cut, the Daily said.
- The administration also pledged to put forward policy proposals that reflect
larger, more substantial and extensive tax cuts as soon as possible, the report
said.
(Link to the story: https://bit.ly/2Qi6tcN)
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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