China Expects 1.2t Yuan Tax, Fee Cuts for Businesses in 2023

April 6, 2023, 3:23 AM UTC

China expects 1.2t yuan of tax and fee cuts in 2023, the official Xinhua News Agency cites Wang Daoshu, deputy head of State Taxation Administration, as saying at a briefing.

  • The total reduction of tax and fee burden for businesses is expected at 1.8t yuan this year, including some existing tax rebates

To contact Bloomberg News staff for this story:
Ocean Hou in Beijing at jhou88@bloomberg.net

To contact the editors responsible for this story:
John Liu at jliu42@bloomberg.net

Qi Ding

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