China updates tax cut guideline amid fight against epidemic

0 Comment(s)Print E-mail Xinhua, 03 11, 2020
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BEIJING, March 10 (Xinhua) -- China's tax watchdog on Tuesday  unveiled a new guideline to introduce more tax relief policies as the  country combats the spread of COVID-19.

The guideline, involving 17 detailed items in terms of supporting  epidemic prevention and control, supplies, donations and work  resumption, according to the State Tax Administration.

Updates of the guideline included the second batch of policies to  lower social security and medical insurance fees, as well as the third  batch of phased value-added tax cut policies for regular taxpayers, as  compared to the initial version released last month.

The new guideline involved more detailed content, such as notes for  tax items in terms of public transport services, life services and  express deliveries, said a senior official with the administration.

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