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China cuts income tax for small firms - finance ministry

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BEIJING : China will cut income tax for some small firms until the end of 2024, the finance ministry said on Friday.Small firms will be subject to income tax of 20per cent, effective from the start of 2022, the ministry said in a statement on its website. (Reporting by Kevin Yao, Ellen Zhang

BEIJING : China will cut income tax for some small firms until the end of 2024, the finance ministry said on Friday. Small firms will be subject to income tax of 20per cent, effective from the start of 2022, the ministry said in a statement on its website.

 

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