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China ‘two sessions’: help for coronavirus-hit small businesses likely to become more targeted, analysts say

Summary:
As part of the support to China’s legions of small-scale taxpayers, including caterers, street vendors, travel agents and transport firms, the value-added tax (VAT) threshold will be raised from 100,000 yuan (US,400) to 150,000 yuan of monthly sales. Photo: AFP

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China ‘two sessions’: help for coronavirus-hit small businesses likely to become more targeted, analysts sayAs part of the support to China’s legions of small-scale taxpayers, including caterers, street vendors, travel agents and transport firms, the value-added tax (VAT) threshold will be raised from 100,000 yuan (US$15,400) to 150,000 yuan of monthly sales. Photo: AFP

As part of the support to China’s legions of small-scale taxpayers, including caterers, street vendors, travel agents and transport firms, the value-added tax (VAT) threshold will be raised from 100,000 yuan (US$15,400) to 150,000 yuan of monthly sales. Photo: AFP

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