[[TitleIndustry]]

About The Tax Rate

Date:May 02, 2018

From May 1st, China will implement three measures to deepen the reform of VAT  Reduce the tax rate appropriately. The value-added tax rate for manufacturing and other industries was reduced from 17% to 16%, and the value-added tax rate for goods such as transportation, construction, basic telecommunication services and agricultural products, etc., was reduced to 11%. That is, companies that originally applied the 17% tax rate fell to 16%. 


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