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China’s pandemic-hit businesses see tax cuts and fee reductions extended in bid to kick off new year on a high note

Summary:
[unable to retrieve full-text content]China will continue to ease the burdens of taxes and fees on businesses in the service industry and other sectors that have been crippled by the pandemic and suffered job losses, in a bid to kick off the year’s first quarter with more stable economic prospects, according to Premier Li Keqiang.Amid recurrent talks of China doubling down on tax cuts to help support small and micro businesses, the tax-reduction policies that were due to expire at the end of last year will be extended for those…

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[unable to retrieve full-text content]
China will continue to ease the burdens of taxes and fees on businesses in the service industry and other sectors that have been crippled by the pandemic and suffered job losses, in a bid to kick off the year’s first quarter with more stable economic prospects, according to Premier Li Keqiang.Amid recurrent talks of China doubling down on tax cuts to help support small and micro businesses, the tax-reduction policies that were due to expire at the end of last year will be extended for those…
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