Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing, China. [Photo/Agencies] China has strived to optimize the allocation of its financial resources over the past four months so as to better support critical national strategic tasks and guarantee people’s basic livelihoods, data from the Ministry of Finance showed on … Continue reading China optimizes financial resources to benefit the people’s livelihoods
Tag: tax
China uses tax reverse charge to promote recycling
Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing, China. [Photo/Agencies] China’s State Taxation Administration said on Wednesday that it will offer reverse charge — a tax mechanism that allows buyer, instead of seller, to declare and pay tax to government — for recycling companies by the end of … Continue reading China uses tax reverse charge to promote recycling