China's tax, fee cuts approximate 2.4 trillion yuan
According to China's tax authorities, tax and fee cuts totaled 2.37 trillion yuan ($363.22 billion) in the first 11 months of 2020.
Of the total, 1.64 trillion yuan was saved under the preferential tax and fee measures unveiled this year to support economic development and COVID-19 containment, according to the State Taxation Administration.
A total of 10.16 million new taxpayers were registered between January and November, up by 7.4 percent year-on-year, said Cai Zili, an official with the administration.
In the first 11 months of the year, nearly 90 percent of tax-related services were handled online, said the administration.
Looking for chemical products? Let suppliers reach out to you!
Tianjin Container Freight Index up 8.46%
You May Interested In
2026-06-27
-
Fine Chemicals Industry Overview Dec.2025
Insight into Structural Shifts, Capturing Long-Term Value in Fine Chemicals. Available for Permanent Download.Published in: Jan. 2026
Trade Alert
Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)
Related News
-
Profits from China's chemical raw materials and products manufacturing industry increased by 0.3% in the first two months of 2024
-
With the Operating Load Declining, Will the Monoammonium Phosphate Market Be Supported?
-
China's Coating Production Technology Export Restrictions! Involving a Total of 9 Chemical Technologies
-
Pierre Fabre established a new cosmetics innovation center in Shanghai, China
-
The China Chemical Market Has Seen Soaring Prices for Raw Materials
-
Acetone market prices rose continuously
-
China's PA66 has been a continuous price increase, compared with the same period last month prices rose 3,550 CNY/ton
-
China's first eight months of foreign trade imports and exports rose 10.1% year-on-year
-
Amazon Introduces Fuel And Inflation Surcharges
-
Overview of China's medical device import and export trade in 2021
Recommend Reading
-
Saint-Gobain Expands Its Construction Chemicals Operations in Indonesia
-
Indorama Corporation Acquires 100% Stake in Anyang Zhongying Fertilizer
-
Azelis Acquires Italian Specialty Chemicals Distributor ACEF
-
TotalEnergies Sells 50% Stake in 604 MW Renewable Energy Portfolio in Portugal
-
Bodo Möller Chemie to Acquire Adhesive Chemicals Business of Aqua Engineering Services
-
Bangladesh in Talks with Saudi Aramco Over LNG Supply MOU
-
Strong Cost Support Drives Robust Rise in Anhydrous Hydrogen Fluoride Market
-
Denmark to Boost Biomethane Output by 25% Within Two Years, Eyes Full Gas Transition
-
Both Supply and Demand Tightening Drives Butadiene Prices Up Sharply in March
-
January China MIBK Market Shows a Phased Recovery