皇冠体育app

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VAT reform exemptions huge in 2013

(Xinhua) Updated: 2014-02-28 16:05

VAT reform exemptions huge in 2013

BEIJING - A pilot tax reduction?plan replacing turnover tax with value added tax (VAT) exempted 140.2 billion yuan ($23 billion) in 2013, 皇冠体育app's taxation authority said on Thursday.

The State Adstration of Taxation said that 2.7 million taxpayers involved in transportation and modern service businesses had applied for the?plan as of the end of last year.

The VAT reform is part of 皇冠体育app's structural tax reduction package, which is aimed at easing the taxation burden for enterprises, especially small ones.

皇冠体育app started piloting VAT reform in transportation and modern service sectors in January 2012 in Shanghai, and expanded the reform in the two sectors to the whole nation last August.

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VAT reform exemptions huge in 2013

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