Copyright 2022 - Ningbo Life / Ningbo Expat

Tax burdern decreased

The videoconference on experimental work of replacing sales tax with value-added tax was held on April 28th by the Ministry of Finance and the State Administration of Taxation. Good results of the experimental work have been seen in Ningbo with 22,827 enterprises included in this reform and a tax revenue of 521 million yuan. More than 96% of tax payers face a lighter load mow. 
The export service enterprises benefit from this reform. In the past four months since the reform, 7 enterprises have saved 12 million yuan and 16 enterprises have applied for tax-exempt export, which amounted to 67 million yuan. 
   It has been learned that the reform will be carried out in the whole country from August 1st, 2013 when radio, film, television, screening and publishing will be included.

f t g m