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China's timber import VAT reduced by 1% from May 1st

Views:2     Author:Site Editor     Publish Time: 2018-04-25      Origin:Site

According to the document issued by the State Administration of Taxation and the Ministry of Finance of China in 2018: No. 32 of Caixi [2018], originally applied to the tax rates of 17% and 11%, the tax rates were adjusted to 16% and 10% respectively and formally implemented on May 1st. Living this time, the timber people can save 1% more than their peers in advance.

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