Hainan expands tax benefits to another 143 areas of economic activity
In the near future a number of companies will be able to significantly reduce costs by starting to pay consumption tax at a reduced rate of 15%
HAIKOU, February 1. /TASS/. The Hainan authorities have extended tax benefits to another 143 areas of economic activity, reported the Hainan Daily.
According to the newspaper, the new measures will affect 14 industries, including manufacturing, telecommunications and transport, construction companies and software manufacturers. They will affect the financial sector and commercial organizations involved in leasing, logistics, wholesale and retail trade, as well as the implementation of projects in the field of agriculture, ecology, culture, health and public education, hotel and restaurant business.