The Tax Relief Policy launched in January 2019 will benefit the small and micro enterprise. As we all know, the small and micro enterprises are developed into a main stream driver of economy in today's China.
The policy is expected to have profound impact for tax payers by lowing tax base, tax rate and also the applicable standards to reduce the tax pressure of both value added tax and other tax burderns.
The policy is expected to have profound impact for tax payers by lowing tax base, tax rate and also the applicable standards to reduce the tax pressure of both value added tax and other tax burderns.
Related information is included in this issue of China Tax Alert.
Download China tax alert lssue 1 2019
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