Yinzhou exempted 40 mln yuan of administrative charges for small businesses

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Category: Governmental News

Published: Thursday, 08 December 2011 01:57

The Ministry of Finance and State Development and Reform Commission jointly issued a notice recently that 22 administrative charges on small businesses will be exempted from Jan 1, 2012 to Dec 31, 2014. Starting from yesterday, five of the 22 charges won’t be charged in Yinzhou and 16 have been exempted since July, 2008.
Since July 1st, 2008, Yinzhou has taken the lead in exempting 166 administrative charges through “exemption, financial subsidy and tax rebates”, which have saved 39.93 million Yuan for the small enterprises in the past 11 months.
Yinzhou has never levied five items of the 22 administrative charges. And since July 1st,2008 Yinzhou has exempted all the administrative charges besides the one charged by the China Council for the Promotion of International Trade for certificates of goods origin, which will also be exempted from Jan 1st, 2012 on.