www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Industries

China expands VAT to telecom sector

(Xinhua) Updated: 2014-04-30 20:01

BEIJING - China is to replace turnover tax with value-added tax (VAT) in the telecom sector, following similar changes in transport and some service sectors.

The new rules become effective on June 1, the Ministry of Finance (MOF) and the State Administration of Taxation (SAT) announced on Wednesday.

Basic telecom services such as voice calls and bandwidth leasing or sales will be subject to 11 percent VAT while value-added services such as messaging, data transfer and Internet access will be subject to a 6 percent rate. Telecom services for overseas clients will be exempt.

The MOF's Liu Shangxi said that VAT creates a fairer market environment. China has been pushing VAT reform since the beginning of 2012. The reform started with transportation and some modern service sectors, and expanded to railway transportation and postal service sectors before it was introduced in the telecom industry.

As of the end of March this year, the VAT reform has covered nearly 3 million businesses and saved them 220 billion yuan (35.5 billion U.S. dollars), according to SAT. The changes help avoid double taxation and eliminate distortions in tax policies, said Hu Yijian of Shanghai University of Finance and Economics.

SAT is working on plans to expand VAT to more sectors, including construction, real estate and service sectors that meet people's daily needs, such as catering, hairdressing and photography. The administration has a goal of expanding VAT to all merchandise and services by the end of 2015.

Turnover tax refers to a tax on the gross revenue of a business, while a VAT refers to a tax levied on the difference between a commodity's price before taxes and its cost of production.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 欧美成人性色xxxx视频 | 欧美一区欧美二区 | 久9青青cao精品视频在线 | 欧美三级在线看 | 久久久久国产精品免费免费 | 国产欧美精品午夜在线播放 | 成人久久久观看免费毛片 | 亚洲影院手机版777点击进入影院 | 久青草青综合在线视频 | 亚洲欧美日韩三级 | 亚洲精品无码专区在线播放 | 久久久久欧美精品网站 | 亚洲无吗视频 | 九九在线视频 | 国产精品久久久久久 | 波多野结衣一区在线观看 | 美女黄页在线观看 | 亚洲精品视频久久 | 韩国一级特黄清高免费大片 | 99热久久国产精品免费看 | 国产网曝手机视频在线观看 | 久久久一区二区三区不卡 | 国产欧美久久久精品影院 | 亚洲一区免费 | 性一级片| 男女免费视频 | 91热久久免费频精品动漫99 | 欧美a一级 | 亚洲成人h| 国产一级一国产一级毛片 | 91热久久免费频精品动漫99 | 色老头oldmoneyvideos | 久久久久免费 | 久久久久久久国产精品毛片 | 久久久久久中文字幕 | 国产成人免费手机在线观看视频 | 成人高清视频免费观看 | 色视频在线免费 | 日本aaaa级| 黄色网网址| 亚洲影院在线 |