BEIJING, Feb. 5 (Xinhua) — The State Council, China’s cabinet, on \nWednesday released tax exemption and loan policies to strengthen novel \ncoronavirus containment and better meet the demand for medical supplies \nand life necessities.<\/p>\n\n
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As provisional policies beginning from Jan. 1, enterprises producing \nkey supplies will be able to get their taxes on facilities payments for \nexpanding production capacity deducted in full on a one-time basis, \naccording to a statement released after a State Council executive \nmeeting chaired by Premier Li Keqiang.<\/p>\n\n
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Meanwhile, revenues from transporting key emergency supplies and \nproviding public transportation, life services and express mail services\n can enjoy value-added tax exemption, said the statement.<\/p>\n\n
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The registration fee for drugs and medical equipment for novel \ncoronavirus containment is waived, and support for research and \ndevelopment of the drugs and vaccines will be strengthened.<\/p>\n\n
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Civil aviation enterprises will not be charged for the civil aviation development fund, said the statement.<\/p>\n\n
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The meeting also called for banks to offer preferential loans at \nfiscally subsidized interest rates below 1.6 percent for enterprises \nthat produce, transport or sell medical supplies and life necessities.<\/p>\n\n
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The meeting urged enhancing supervision and strictly cracking down on illegal acts of defrauding fiscal and credit funds.<\/p>\n\n
BEIJING, Feb. 5 (Xinhua) \u2014 The State Council, China\u2019s cabinet, on Wednesday released tax exemption and loan policies to strengthen novel coronavirus containment and better meet the demand for medical supplies and life necessities.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[217],"tags":[],"class_list":["post-7745","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"\n
\u4e16\u754c\u5236\u836f\u539f\u6599\u5c55 - China releases tax exemption, loan policies to beef up coronavirus containment - CPHI China\u4e16\u754c\u5236\u836f\u539f\u6599\u4e2d\u56fd\u5c55<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n