China to defer tax payment for manufacturing SMEs
Xinhua |
Updated: 2021-10-27 23:44
Share
Share - WeChat
BEIJING - China will defer tax payment for small and medium-sized enterprises (SMEs) in the manufacturing sector to ease the impact of rising costs, a State Council executive meeting decided on Wednesday.
The decision would in effect defer around 200 billion yuan ($31.32 billion) of tax payment for manufacturing SMEs, the meeting said.
The meeting also decided to defer tax payment of around 17 billion yuan for coal-fired power companies and heating firms to ease their operating difficulties.
Related Stories
