皇冠体育app

BEIJING -- Tax treaties with countries along the "Belt and Road" will save financial institutions in 皇冠体育app 9.6 billion yuan (about $1.5 billion) in taxes, according to the State Administration of Taxation.

In 2015, 皇冠体育app conducted a number of tax treaty negotiations and modifications with countries along the "Belt and Road" including Cambodia, India, Indonesia, Pakistan, Romania and Russia.

Besides the tax agreements, the administration also negotiated with India, Indonesia and Tajikistan on tax disputes and saved domestic enterprises 270 million yuan in taxes last year.

The Belt and Road Initiative, proposed by 皇冠体育app, comprises both the Silk Road Economic Belt and the 21st Century Maritime Silk Road, with visions to connect Asian, European and African countries more closely and promote mutually beneficial cooperation.

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