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Major economic policies to boost recovery in 2020

Updated: Dec 22, 2020 chinadaily.com.cn Print
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IV Continuing to cut taxes and fees

A taxpayer in Baokang county, Hubei province, enquires about filing procedures at the local tax office. [Photo by Yang Tao/For China Daily]

The Ministry of Finance continues to implement the tax and fee cut policy this year, researching new measures to ease the tax burden of enterprises affected by the novel coronavirus outbreak.

In the first three quarters of this year, a total of more than 2 trillion yuan of new tax and fee cuts were made across the country, according to the State Taxation Administration.

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