Logo 02 Feb 2018

Will businesses see tax cuts in 2018?

The Chinese government had a good fiscal year in 2017.  According to Ministry of Finance and the national tax authority:

Fiscal revenues came in at RMB 17.3 trillion – seeing 7.4% growth from 2016. Tax income stood at RMB 12.6 trillion – 8.7% growth, up from 4.8% growth in 2016.

The tertiary ...