According to the news of the Chinese government network on April 21st, the General Office of the State Council issued opinions on promoting the development of individual pensions. The individual pension is subject to the individual account system, and the payment is entirely borne by the individual participant, which is fully accumulated. Participants set up personal pension accounts through personal pension information management service platform. Individual pension account is the basis for participating in the individual pension system and enjoying preferential tax policies.In this regard, s...
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Beijing, May 18 (Xinhua) The reporter learned from the Ministry of Finance on the 18th that, in order to further accelerate the release of large-scale VAT tax rebate policy dividends, the Ministry of Finance and State Taxation Administration of The People's Republic of China issued a notice saying that the stock tax rebate of large enterprises would be refunded in advance.According to the announcement issued by the two departments this time, qualified large enterprises in manufacturing and other industries can apply to the competent tax authorities for a one-time refund of the tax allowanc...
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Chinese President Xi Jinping delivers a video address at the opening session of the BRICS Foreign Ministers' Meeting, May 19, 2022. (Xinhua/Li Xueren)BEIJING, May 19 (Xinhua) -- Chinese President Xi Jinping on Thursday called on the BRICS countries to work together to build a global community of security for all.Xi made the remarks while delivering a video address at the opening session of the BRICS Foreign Ministers' Meeting.Xi noted that currently, the impacts of major changes and a pandemic unseen in a century are being combined, and factors of instability, uncertainty and insecurit...
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BEIJING, May 18 (Xinhua) -- During the past decade, China has made continuous efforts to foster fiscal and taxation development, rolling out measures ranging from lowering enterprises' tax burdens, and deepening reforms of fiscal and tax systems to keep economic performance within an appropriate range and enhance high quality development.The following data illustrates China's fiscal and taxation development over the past 10 years and the vital role fiscal and taxation policies play in boosting market vitality and facilitating high-quality development.GROWING FISCAL STRENGTHChina's ...
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Xinhua News Agency, Beijing, May 12 (Reporter Liu Shiping) The reporter learned from the Ministry of Water Resources on the 12th that in the first four months of this year, China completed a total investment of 195.8 billion yuan in water conservancy construction, an increase of 45.5% over the same period last year.Wei Shanzhong, Vice Minister of Water Resources, said at the Chamber of Commerce, which presided over the special dispatch meeting to promote the construction of major water conservancy projects in 2022, that the construction of major water conservancy projects should be accelerated...
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