AFFECTING THE BOTTOMLINE: China will trial a new value-added tax for telecommunication services providers as a replacement for business tax, Premier Li Keqiang said at the opening of the annual meeting of parliament, a change which could hit the companies' profits. — Reuters
BEIJING: China will trial a new value-added tax for telecommunication services providers as a replacement for business tax, Premier Li Keqiang said at the opening of the annual meeting of parliament, a change which could hit the companies' profits.
The trial is part of a set of reforms aimed at state-owned enterprises such as China Telecom Corp Ltd, China Unicom Hong Kong Ltd and China Mobile Ltd, the world's biggest mobile carrier by subscribers.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
