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Govt to announce further steps to cut taxes

Updated: Mar 14,2018 10:09 AM

Director of China’s State Administration of Taxation Wang Jun receives an interview after the fourth plenary meeting of the first session of the 13th National People’s Congress at the Great Hall of the People in Beijing, March 13, 2018.[Photo/Xinhua]

China pledged to introduce more measures to cut tax with key efforts to focus on transportation and manufacturing sectors, head of State Administration of Taxation said on March 13.

Wang Jun, State Administration of Taxation chief, said a total of 18 steps will be introduced to promote further tax cuts. He made the comments on the sidelines of the ongoing annual meeting of the 13th National People’s Congress.

He said the government will help lower tax burden of transportation and manufacturing sectors, in particular, as part of efforts to promote economic upgrades.

He added the government will strive to reduce tax burden of small and micro enterprises and improve people’s livelihood.