Wednesday, April 29, 2020

China extends VAT Exemption on Small Business Loan Interest

China has prolonged the Value-Added Tax (VAT) exemptions on the interest income from loans to small businesses. The announcement affirms the extension of preferential tax policies relating to the financing of micro and small businesses, sole proprietors, and farmers. Many of the policies were introduced in 2017 and was about to end on 31st December […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2Sj62xE

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