China's tax, fee cuts approximate 2.4 trillion yuan

04.01.2021

According to China's tax authorities, tax and fee cuts totaled 2.37 trillion yuan (about 363.22 billion US dollars) in the first 11 months of 2020. Of the total, 1.64 trillion yuan was saved under the preferential tax and fee measures unveiled this year to support economic development and COVID-19 containment,...