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Taizhou Implements Policies to Cut Taxes and Administrative Fees
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“To have tax refund, how much excess VAT paid should I have paid?” “Can I have tax deduction with a printed invoice?” “Is it possible that the government expands the preferential policy of housing property tax from small-scale enterprises to common taxpayers?” On March 26, a forum opened in Taizhou addressing issues of “cutting taxes and administrative fees, optimizing business environment and developing industry projects and real economy”, the city’s tax administration talked about the recently launched tax reduction policies and compared notes with representatives from 22 enterprises in the city.

In 2018, the city cut 13.286 billion yuan of taxes for enterprises, 10.52% up than the previous year. The city also remitted more than 3 billion yuan of taxes for enterprises during the process of tax declaration. The city’s tax administration also assisted enterprises in coping with the Sino-US trade friction, shortened the duration of tax refund to 3.5 working days on average, and handled 19.447 billion yuan of export tax rebate (free export) for enterprises, 11.61% up than the previous year.

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