Summary | Such a crude system resulted in a tax on tax.VAT
avoids this, as it is applied to the value added at each link
in the production chain.From May 2016 to June 2017, taxes were
reduced by over 850 billion yuan.An across-the-board
replacement with VAT has far more significance on China's
economic development.Laws will be revised as soon as possible ...
en.ce.cn | 04 December 2017