Tax pol­icy to help trade

China Daily (USA) - - POLICY REVIEW -

The State Ad­min­is­tra­tion of Tax­a­tion on Thurs­day re­leased a guide­line on col­lec­tion of im­port and ex­port taxes, which will be im­ple­mented from Septem­ber 1. The new guide­line re­de­fines the stan­dards for eval­u­at­ing en­ter­prises by chang­ing the A-to-C credit rat­ing sys­tem to an A-to-D sys­tem in ac­cor­dance with past tax pay­ment records. Credit as­sess­ments will be up­dated an­nu­ally, ac­cord­ing to the guide­line. The new guide­line aims to im­prove the tax­a­tion sys­tem and man­age­ment ef­fi­ciency, as well as pro­mot­ing the healthy de­vel­op­ment of for­eign trade.

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