State Council: Temporarily exempted some small and micro enterprises from value-added tax

"**Abstract**: 'This is a set of policy measures aimed at steady growth, designed with both current and long-term perspectives in mind.' Experts have commented on the three key policies announced by the State Council executive meeting held on the 24th. Premier Li Keqiang presided over the meeting, which outlined several important steps to support economic stability and growth. On August 24th, Premier Li Keqiang led the State Council executive meeting, where several significant policy decisions were made. One of them was to further reduce the tax burden on small and micro enterprises by temporarily exempting them from value-added tax (VAT) and business tax if their monthly sales were below 20,000 yuan. Another decision focused on improving trade facilitation to ensure the stable development of imports and exports. The third involved reforming the railway investment and financing system, aiming to accelerate railway construction in central and western regions as well as in poverty-stricken areas. With over 6 million small and micro enterprises directly impacting the employment and income of tens of millions of people, the government has decided to implement a VAT and business tax exemption for small-scale taxpayers and business tax payers with monthly sales under 20,000 yuan, starting from August 1st this year. The State Council also emphasized the importance of studying the long-term effects of these measures and building a sustainable mechanism. In today's complex and challenging domestic and international trade environment, China's import and export growth has slowed significantly. To address this, the State Council has pledged to enhance trade facilitation through institutional innovation, boost enterprise competitiveness, and streamline customs procedures. A new "one declaration, one inspection, one release" system is being introduced, and administrative fees will be reduced. Export commodity inspection fees will be temporarily waived, while a zero tax rate on service exports will be implemented, with gradual expansion of service imports. The railway sector is also receiving attention. The government plans to fully open the railway construction market, prioritizing infrastructure development in central and western regions and impoverished areas. To fund these projects, multiple channels will be used, including central fiscal support, social capital investment, and the establishment of railway development funds. Innovative approaches to railway bond issuance will be explored, and ownership and management rights of inter-city railways, urban (suburban) railways, and resource-based railways will be opened up to local and private investors. Efforts are also underway to revitalize railway land resources and promote comprehensive development and utilization, using revenue generated from these developments to support railway growth. Key projects outlined in the Twelfth Five-Year Plan will be accelerated, ensuring timely initiation and reasonable progress according to planned timelines. Experts have pointed out that railways are not only critical infrastructure but also vital for national livelihoods and economic stability. By breaking down investment barriers and innovating financing mechanisms, the country can attract more social capital, further boosting economic growth and development." (Word count: 518)

Topmount Sink

Tpomount sink

The installation of the countertop basin is easy, as long as the hole is opened on the countertop. There are a variety of sink edge designs for over-counter basin sink styles to choose from. It is necessary to ensure that the connection gap between the sink and the countertop is uniform, and there is no water seepage.

The basin with the decorative edge on the table or the whole basin on the table is called topmount sinks.

In short, the basin protruding from the table is the basin on the table.

Customized different sizes and PVD colors.

Drop-in Kitchen Sink,Top Mount Bar Sink,White Top Mount Sink,Top Mount Double Sink

Jiangmen MEIAO Kitchen And Bathroom Co., Ltd. , https://www.meiaosink.com

This entry was posted in on