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The size of China's tax and fee cuts....>

CHINA PRESS
MNI (London)
CHINA PRESS: The size of China's tax and fee cuts will hit an estimated total
CNY1.5 to 2 trillion next year, as the government attempts to keep on the
front-foot as economic headwinds build, China Business News reported late
Sunday, citing Shi Zhengwen, director of the Center for Research in Fiscal and
Tax Law of China University of Political Science and Law.
- Zhao Quanhou, director of the Financial Research Center of Chinese Academy of
Fiscal Sciences, also predicted that tax cuts in 2019 could reach CNY1.5
trillion, the report said.
- VAT, personal income taxes and social insurance will be the main areas for tax
cuts, the report said.
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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