Chinese firms enjoy over 1 trln yuan of tax policy support


BEIJING, April 27 (Xinhua) -- China's tax authorities provided businesses nationwide with various types of tax and fee policy support equivalent to over 1 trillion yuan (about 152.4 billion U.S. dollars) from Jan. 1 to April 20, official data shows.

Apart from VAT credit rebates and tax and fee cuts, this policy toolbox also includes tax and fee deferrals for small and medium-sized manufacturing firms, according to the State Taxation Administration.

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