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:
Tourism market shows summer recovery signsXi Sends Congratulatory Letter to Zhongguancun ForumCamping tourism rebounds as pandemic eases and spring comesOscar salvages point for Cangzhou against Shenzhen in CSLLocal flavor adds spice to tourismTourism provides development engine for villageXi Hosts Central Asian Leaders in Historic Silk Road City for Milestone SummitXiplomacy: ChinaXi Stresses Unique Role of Auditing in Party's SelfCentral Asian Leaders Attend Welcome Ceremony
2.349s , 6500.5859375 kb
Copyright © 2024 Powered by China adopts law on customs duties ,Worldly Window news portal