Archive for ‘encourage’

27/04/2020

China extends small businesses tax exemptions by four year

BEIJING, April 26 (Xinhua) — China announced Sunday to extend tax exemptions by an additional four years to further improve the inclusive finance service for smaller businesses.

The tax exemptions, which expired at the end of last year, will be extended to Dec. 31, 2023, according to a statement jointly issued by the Ministry of Finance and State Taxation Administration.

In order to boost policy support and encourage financial institutions to step up financial services, Chinese authorities decided in 2017 that financial institutions will be exempt from value-added taxes (VAT) on income from interests for loans to small and micro-sized businesses and individually-owned businesses.

The joint statement also said the VAT, which was already collected but eligible to be waived, can be deducted in subsequent months or refunded.

Source: Xinhua

14/04/2020

China limits admission as outdoor tourist sites reopen

BEIJING, April 13 (Xinhua) — Chinese authorities have released a circular, only allowing outdoor tourist attractions to reopen amid the COVID-19 epidemic.

The tourist sites that resume operation should receive no more than 30 percent of their daily visitor capacity, according to the circular jointly released by the Ministry of Culture and Tourism and the National Health Commission.

The reopened tourist attractions should take measures to prevent the number of visitors from exceeding the limit, said the circular, adding that indoor tourist sites should remain closed amid the epidemic.

The circular required tourist sites to encourage visitors to reserve visiting slots in advance to control visitor flows and prevent large gatherings of people.

While noting some tourist attractions have seen large crowds of tourists after resuming operation, which increased the risk of virus transmission, the circular demanded temperature checking at the entrance of tourist sites and major scenic spots.

Source: Xinhua

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