男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / The Third China International Import Expo

Tax exemptions at CIIE to boost international commerce

By Hu Yuyan | China Daily | Updated: 2020-11-05 09:00
Share
Share - WeChat
A billboard captioned with the theme of the third CIIE is put up outside the National Exhibition and Convention Center (Shanghai). [Photo/Xinhua]

Experts expecting more companies to do business with each other

China announced on Oct 12 tax exemptions on certain foreign goods sold at the third China International Import Expo, a win-win move benefiting both global sellers and Chinese buyers, according to experts and business representatives.

Import duties, value-added taxes on imported goods and consumption taxes have been waived on a specified quantity of products across five categories, including machinery, electrical equipment and medical devices, according to a circular jointly released by the Ministry of Finance, the General Administration of Customs and the State Taxation Administration.

Exhibitors who do not fit into any of the five categories can also enjoy the policy for sales under $20,000, the circular read. The number of items that can enjoy the tax relief is subject to a cap. For example, exhibitors of mechanical and electrical equipment can enjoy the exemptions for up to 12 items each, and exhibitors of medical devices a maximum of five.

The exemptions do not apply to goods including tobacco, alcoholic beverages and automobiles.

Both importers and exporters will benefit from the tax exemptions, according to Wang Zhigang, deputy director of the Research Center for Macroeconomics at the Chinese Academy of Fiscal Sciences.

"For China as the importer, the policy is conducive to increasing the volume of imports and optimizing the structure of imports, which helps to promote China's dual circulation development model," he said.

The dual circulation development model, proposed by China to build up its own economic resilience and that of the world's, centers on domestic circulation and promotes the integration of the domestic and global economies.

"Some of the imports eligible for the tax relief are areas where China comes up short," Wang said. "Increasing imports of these products will aid the high-quality development of China's industry and drive advances in production technology.

"For exporters from overseas, the tax exemptions will bring them more orders and help them create jobs."

One of the product categories is medical devices, which Wang thinks reflects the people-centered philosophy of development.

"Importing medical equipment can also help meet Chinese people's needs for high-quality medical services in their daily lives," he added.

1 2 Next   >>|
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 开原市| 固始县| 台州市| 南充市| 怀柔区| 淮北市| 太湖县| 台南市| 贵定县| 邓州市| 康平县| 广水市| 五家渠市| 常宁市| 清苑县| 新田县| 通道| 霞浦县| 晋城| 高密市| 江都市| 南投县| 永福县| 青海省| 静乐县| 河南省| 洛隆县| 阿拉尔市| 诸暨市| 确山县| 衡东县| 南陵县| 德州市| 岳阳市| 五华县| 金川县| 瑞安市| 明光市| 江华| 伊宁市| 康乐县|