China VAT credit refunds top $65b in first half of April

Top Stories
Most Popular

Panorama

Singer dies midway through concert after tripping on dress

Emotional chickens get red-faced too, study reveals

South Korean man sentenced to 14 months in prison for killing 76 cats

1,800-year-old mini portrait of Alexander the Great found in Denmark

NASA finds new mutant bacteria in space

Philippines girl dies 2 months after being bitten by dog

Celebrity handbag designer sentenced to 18 months in prison

London: Head teacher announces plans to introduce 12-hour school day

Europe is the fastest-warming continent, at nearly twice the average rate, report says

In ''extremely rare'' case, Pakistan woman gives birth to 6 babies

Home World China VAT credit refunds top $65b in first half of April 20-04-2022 10:27 AM Ammon News - China's value-added tax (VAT) credit refunds topped 420.2 billion yuan ($65.9 billion) in the first half of April, data from the State Taxation Administration showed on Tuesday. The refunds benefited 527,000 taxpayers in the period, according to the data. To improve the cash flow of enterprises, promote consumption-driven investment, and further improve the system for refunding VAT credits, China is set to issue VAT credit refunds on a large scale in 2022, according to this year's Chinese government work report. Tax refunds and cuts are expected to total 2.5 trillion yuan, while VAT credit refunds will account for 1.5 trillion yuan of the sum and will all go straight to enterprises.

Home World

China VAT credit refunds top $65b in first half of April

20-04-2022 10:27 AM

Ammon News - China's value-added tax (VAT) credit refunds topped 420.2 billion yuan ($65.9 billion) in the first half of April, data from the State Taxation Administration showed on Tuesday.

The refunds benefited 527,000 taxpayers in the period, according to the data.

To improve the cash flow of enterprises, promote consumption-driven investment, and further improve the system for refunding VAT credits, China is set to issue VAT credit refunds on a large scale in 2022, according to this year's Chinese government work report.

Tax refunds and cuts are expected to total 2.5 trillion yuan, while VAT credit refunds will account for 1.5 trillion yuan of the sum and will all go straight to enterprises.

no comments

Notice

All comments are reviewed and posted only if approved.
Ammon News reserves the right to delete any comment at any time, and for any reason, and will not publish any comment containing offense or deviating from the subject at hand, or to include the names of any personalities or to stir up sectarian, sectarian or racial strife, hoping to adhere to a high level of the comments as they express The extent of the progress and culture of Ammon News' visitors, noting that the comments are expressed only by the owners.

name : *
email
	show email
comment : *
Verification code :	Refresh write code :