These households accounted for 89.4 percent of all families receiving deed tax breaks, a 14.4 percentage-point increase from before the policy implementation. Beijing, Shanghai, Guangzhou and Shenzhen have offered deed tax benefits for second home purchases, resulting in 2.58 billion yuan in tax redu...
surpassing 21 trillion yuan in the first 10 months of 2024, underscoring their deepening economic integration and strong trade connections. According to China Customs, trade with APEC economies accounted for 59.1 percent of China's total trade, which grew by 5.7 percent year-on-year, outpacing...
These policies accelerated the cultivation of new quality productive forces and promoted the high-quality development of the manufacturing industry, according to the State Taxation Administration.In 2024, the sales revenues of China's high-tech sectors grew 9.6 percentage points faster than the overall...
-- The sales revenue of China's high-tech industries and patent-intensive industries increased by 11.6 percent and 8 percent, respectively. -- The equipment manufacturing industry's sales revenue increased by 5.5 percent year on year, 0.9 percentage points higher than the average growth rate of ...
2024, underscoring their deepening economic integration and strong trade connections. According to China Customs, trade with APEC economies accounted for 59.1 percent of China's total trade, which grew by 5.7 percent year-on-year, outpacing China's overall trade growth rate by 0.5 percentage points...
These preferential policies have taken effect in easing the financial burden on enterprises, value-added tax (VAT) invoices data shows. From April to August, the sales revenue of enterprises enjoying VAT credit refunds increased by 6.9 percent year on year, 4.6 percentage points higher than that ...
China set the ratio of its deficit to gross domestic product at around 2.8 percent for 2022, the report said, which will be 0.4 percentage points lower than 2021. The "two sessions," the annual meetings of the National People's Congress and the National Committee of the Chinese People's ...
in key cities went unsold, the highest since last year, according to think tank China Real Estate Information Corp. Revenue from land sales in 300 major cities plunged 27 percent in July from the same period last year, widening 7 percentage points from June, according to China Index Holdings...
These households accounted for 89.4 percent of all families receiving deed tax breaks, a 14.4 percentage-point increase from before the policy implementation. Beijing, Shanghai, Guangzhou and Shenzhen have offered deed tax benefits for second home purchases, resulting in 2.58 billion yuan in tax redu...
It’s the percentage of your taxable income you pay in taxes. To calculate your effective tax rate, find your total tax on your income tax return and divide it by your taxable income. Your effective tax rate is a good indicator of how well you’ve been managing your tax situation. It...