2016-01-25

Premier Li: VAT Will Bring Big Tax Relief for Business

Increase the speed of reform and accelerate tax reform.
January 22, Premier Li Keqiang chaired a forum to study fully open camp changed to increase, speed up tax reform, further significantly reduce the corporate tax burden. Li stressed that the current financial revenue and expenditure pressure, should respond to practical challenges, and promote long-term development and implementation of reforms to tackle more closely together.

On the other hand, he said, fully open camp changed to increase, speed up tax reform should be conducive to play the enthusiasm of both central and local. Fully open camp changed to increase, speed up tax reform should focus on mobilizing the main market development initiative. Camp changed to increase deepen fiscal and tax reform as the highlight of the pre-pilot has achieved positive results, this year to fully open, and further reduce the corporate tax burden more substantial. Meanwhile, we should urge the push fiscal reforms to support economic growth, gradual reform.

...This year-round open camp changed to increase and increase the portion of input tax deduction heading efforts that will bring massive tax cuts, the central and local governments should take steps to put in place. To grasp the rhythm, and steadily push forward, take an incremental, gradual approach promoting reform, avoid financial allocation pattern changes affect the economy running smoothly, effective as soon as possible to ensure that the relevant reform measures.

Li stressed that the current financial revenue and expenditure pressure, should respond to practical challenges, and promote long-term development and implementation of reforms to tackle more closely together. All departments and local talk overall, general account, get rid of barriers interests, in unity to promote the reform, with new results and write a new chapter of development reform.
iFeng: 李克强:全面推开营改增改革 减轻企业税负压力

No comments:

Post a Comment