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Private sector sees more benefits from tax relief measures
Updated: Nov 28, 2023
By Cheng Yu
chinadaily.com.cn
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China has appointed Hu Jinglin as Party secretary of the State Taxation Administration, the tax authority said on its website on Tuesday.
Latest data from the administration showed that newly-implemented tax refunds, tax and fee cuts and deferrals exceeded 1.66 trillion yuan ($233.28 billion) in the first 10 months of this year.
Notably, taxpayers from the private sector have become a major beneficiary of the country's tax and fee relief measures, as nearly 1.24 trillion yuan of tax and fee payments were rebated, deducted or deferred for private businesses during the period, the administration said.
