Chinese lawmakers on Friday voted to adopt a law on customs duties to promote high-level opening up.
The law, which was passed at a session of the Standing Committee of the National People's Congress, the national legislature, will take effect on Dec. 1, 2024.
It maintains the basic stability of the existing tariff system, with the overall tax burden level remaining unchanged.
The law is of significant importance for advancing high-level opening up and fostering a market-oriented, law-based, and internationalized business environment, said Li Xuhong, a professor at the Beijing National Accounting Institute.
The move marked another step in China's tax legislation. Out of the country's existing 18 tax categories, China has enacted laws on 13 of them.
Related articles:
Related suggestion:
Gausman tosses 5 1/3 scoreless innings, Kiermaier homers and Blue Jays beat Nationals 6McGlynn scores in second half, helps Union earn 2How American protests came to be loved and loathedI didn't want Hugh Grant to be in Four Weddings and a Funeral, writer Richard Curtis admitsBerkshire's profit plunges 64% on portfolio holdings as Buffett sells AppleBernardeschi scores 2 goals to help Toronto beat Dallas 3Surridge, Mukhtar, Zimmerman lead Nashville past Montreal 4King Charles and Queen Camilla step up their involvement in horse racingBlue Jays reinstate outfielder Kevin Kiermaier from injured listKing Charles openness about cancer has helped him connect with people
2.8431s , 6490.9609375 kb
Copyright © 2024 Powered by China adopts law on customs duties ,Culture Craft news portal