Nanning implements Measures of Deepening VAT Reform successfully


On March 28 this year, the executive meeting of the State Council proposed to further deepen value-added tax (VAT) reform, introducing three reform measures: reducing the VAT rate of 17% and 11%, respectively, by 1 percentage point, and standardizing that of small-scale taxpayers.

In order to effectively implement the Party Central Committee and the State Council’s decision-making requirements on deepening VAT reform, the State Taxation Bureau of Nanning has taken swift measures: strengthening overall coordination, formulating policy documents, coordinating information systems, strengthening policy guidance, to ensure that it would be formally implemented on May 1. The reform is expected to deliver new vitality to enterprises and business environment.

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