On March 5, Minister of Finance Liu Kun stated on the "Ministerial Channel" that the next step will be to improve the tax and fee reduction policy, continue to implement the systemic tax and fee reduction policy, and withdraw the phased tax and fee reduction policy in due course. Further increase the tax reduction and exemption for small and micro enterprises and individual industrial and commercial households, and improve the vitality and development potential of small and micro enterprises.
(Producing Guo Shihao)
Editor in charge: [Chen Haifeng]