Guangxi reduces tax burden on enterprises


On June 7, it was learned from Department of Finance of Guangxi Zhuang Autonomous Region that the “Measures to Further Reduce the Tax Burden on Enterprises” (hereinafter referred to as the “Measures”) with a total number of 30 measures covering eight major areas was issued and implemented recently, indicating that Guangxi has taken the key step to further optimize the business environment for enterprises’ taxes and fees. According to preliminary estimates, the implementation of the “Burden Reduction” measures for various enterprises will reduce the burden on Guangxi’s enterprises by more than 17 billion yuan each year.

The "Burden Reduction" measures announced for the companies follow the problem-oriented and goal-oriented approach, focusing on the outstanding problems in Guangxi's business environment and trying to overcome the difficulties of economic development. In response to the social problem of “Expensive Road and Bridge Charges, High Logistics Costs”, the “Measures” proposed five policies including reducing vehicle tolls, promoting expressway ETCs, implementing freeway differential charging pilots, etc. to effectively reduce logistics costs.

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