Make me your Homepage
    left corner left corner
    China Daily Website

    Official pinpoints China's tax priorities

    Updated: 2013-11-21 19:43
    ( Xinhua)

    BEIJING - A Chinese official on Thursday set out the major tasks ahead for a taxation system which aspires to serve development and social equity.

    China's Minister of Finance Lou Jiwei told Xinhua that the emphasis is on the role of taxation as a source of revenue, a redistributor of income and a tool of structural optimization and industrial upgrades.

    "We will establish a tax system that lends itself to scientific development, social equity and market unity," Lou said.

    His remarks come on the back of key policies on improvement to the taxation system released last week by the Communist Party of China.

    A major task already underway is replacing turnover tax with value-added tax (VAT) levied on the difference between the cost of production and the price of a commodity on the market.

    Following regional experiments since the beginning of 2012, changes to the VAT regime were rolled out over the whole country's transportation industry and six service sectors on August 1, reducing taxes on business by 94 billion yuan ($15.3 billion) in the first 10 months of the year.

    A consumption-based VAT system, in line with industrial development rules, will soon eliminate double taxation, the minister said.

    Reform of consumption tax will also be used to adjust consumption of products which use a lot of energy or cause pollution, as well as some high-end consumer goods.

    The policy document called for legislation on a housing property tax, which will mean lowering taxes and charges for construction and transactions, while increasing taxes on ownership.

    Trials of property tax have been running in Chongqing and Shanghai since January 2011 as local governments try to cool the property sector.

    8.03K
     
    ...
    Hot Topics
    ...
    ...
    久久青青草原亚洲av无码| 久久水蜜桃亚洲av无码精品麻豆| 无码精品人妻一区二区三区人妻斩| 中文字幕久精品免费视频| 精品无码AV一区二区三区不卡| 中文无码字慕在线观看| 伊人久久无码中文字幕| 成人午夜福利免费专区无码| 亚洲精品无码MV在线观看| 中文精品人人永久免费| 亚洲中文字幕无码久久综合网| 67194成l人在线观看线路无码| 无码毛片视频一区二区本码| 国产成人无码AⅤ片在线观看| 无码av中文一二三区| 天堂√在线中文最新版| 亚洲精品中文字幕无码蜜桃| 精品无码人妻一区二区三区不卡| 蜜桃臀无码内射一区二区三区| 中文字幕人妻无码一夲道| 中文字幕精品视频在线| 亚洲欧美精品一区久久中文字幕| 日本妇人成熟免费中文字幕| 四虎国产精品永久在线无码| 波多野42部无码喷潮在线| 久久亚洲精品无码AV红樱桃| 亚洲av永久无码精品国产精品| 亚洲真人无码永久在线| 亚洲欧洲美洲无码精品VA| 国产AV无码专区亚洲AV漫画| 国产成人无码区免费内射一片色欲 | 久久激情亚洲精品无码?V| 少妇精品无码一区二区三区| 久久久久久国产精品免费无码| 无码aⅴ精品一区二区三区浪潮| 人禽无码视频在线观看| 久久无码人妻一区二区三区午夜 | yy111111少妇影院里无码| 精品无码日韩一区二区三区不卡| 国产在线精品无码二区| 免费A级毛片无码鲁大师|