taxes Archives - 247 OnPoint Logistics https://eds-international.com/blog/tag/taxes/ 247 OnPoint Logistics Mon, 05 Jul 2021 06:19:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.1 Spring in China: reduction in VAT rates provide long-expected savings for both consumers and businesses https://eds-international.com/blog/spring-in-china-reduction-in-vat/ https://eds-international.com/blog/spring-in-china-reduction-in-vat/#respond Wed, 24 Apr 2019 06:45:43 +0000 https://eds-international.com/blog/?p=2060 The results of the summit held by the National People’s Congress and the Chinese People’s Political Consultative Conference has been a hot topic over the past month. They represent two of the most influential assemblies in the world, held each year at the beginning of March. At this meeting, known as the Two Sessions, China’s 2019 economic and political course was presented. Among the major announcements was the reduction in the current VAT rates of 16% and 10% to 13% and 9% respectively, according to a government report by Chinese Prime Minister Li Keqiang. During the year, the VAT rate

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