Tax cut to benefit over 900,000 enterprises – Xinhua | English.news.cn

The reform has effectively promoted the growth of tertiary industry, especially the service sector, and encouraged the development of small and micro-sized enterprises, those present at the meeting agreed.In Shanghai, the tax cut has helped reduce enterprises tax burdens by 22.5 billion yuan 3.57 billion U.S.dollars in the first 10 months of this year, while in Beijing, the new measure has cut tax revenue by 2.5 billion yuan in two months.

via Tax cut to benefit over 900,000 enterprises – Xinhua | English.news.cn.

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