After China's accession to the WTO, it will reduce taxes once and for all
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Last Update: 2001-11-16
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Source: Internet
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Author: User
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Introduction: in view of the speculation that there may be two tax reductions after China becomes a full member of the WTO, Yi Xiaozhun, director of the International Department of the Ministry of foreign trade and economic cooperation, clarified in Doha yesterday that after China becomes a full member of the WTO, there will be no two tax reductions, only one tax reduction, the time is January 1, 2002 According to WTO rules, China can choose to reduce taxes on the day of becoming a full member of the WTO, or the start date of the first Gregorian calendar year after becoming a full member, that is, on January 1, 2002 As China announced earlier that it would cut taxes on January 1, 2002, there was speculation that there might be two tax cuts Yi Xiaozhun said that if the tax was reduced on the day of becoming a full member of the WTO and on January 1, 2002, the two tax reductions would be very close in time, which might cause confusion In order to avoid confusion, after China becomes a member of WTO, it will choose a tax reduction He pointed out that choosing "one-time tax reduction" can not only avoid confusion to trading partners of all countries, but also make businessmen and business circles of all countries have a clear understanding of our tax situation In order not to cause confusion, China will reduce taxes twice into one.
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