China News Agency, Beijing, April 15 (Reporter Zhao Jianhua) The Ministry of Finance, the General Administration of Customs, and the State Administration of Taxation announced on the 15th that it will expand the trial of selective tariff policies for domestic sales.
In order to coordinate the development of domestic and foreign trade, and actively respond to the impact of the new coronary pneumonia epidemic, since April 15, 2020, the Ministry of Finance, the General Administration of Customs, and the State Administration of Taxation will expand the domestic sales options stipulated in the "Notice on Expanding the Pilot Policy for Selective Tariff Collection for Domestic Sales." The pilot taxation policy for sexual levies was expanded to all comprehensive bonded areas.
On the same day, the Ministry of Finance also announced that in order to stabilize the development of processing trade and reduce the burden on enterprises, from April 15, 2020 to December 31, 2020, temporarily suspend the tax-deducted interest on domestic sales tax of processing trade enterprises. (Finish)