Metals News
NDRC: ensure that the tax burden is reduced and not increased in all industries
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09:51AM
Source:SMM synthesis
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NDRC: to ensure that the tax burden of all industries is only reduced and not increased, the NDRC issued a notice to do a good job in the key work of reducing costs in 2019, calling for continued promotion of large-scale tax cuts and fee reductions, and increased financial support for the real economy. Continue to reduce institutional transaction costs and so on. Reduce the value-added tax rate. We will implement policies such as reducing the tax rate of 16 per cent for industries such as manufacturing to 13 per cent and reducing the tax rate for transport, construction and other industries from 10 per cent to 9 per cent, so as to ensure that the tax burden of all industries will only be reduced and not increased.

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