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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Jan. 21 (Xinhua) — Chinese authorities on Tuesday announced an extension of tax breaks for organizations that provide community- or family-oriented services, such as elderly and child care, and household services.
Key support measures, which will be extended until the end of 2027, include a value-added tax exemption for income from activities related to elderly and child care and domestic services, and a 10 percent reduction in the taxable income rate for organizations engaged in these service sectors, according to a joint statement from six government agencies, including China's Ministry of Finance and the General Administration of Taxation.
Other support measures include exemptions from property or land taxes used to provide the above services, as well as exemptions from fees associated with, for example, property registration.
Continued support for these sectors, which is expected to reduce the operating costs of community-based service providers, is in line with the Chinese government's broader efforts to actively respond to population aging and improve policies and mechanisms to coordinate the development of elderly care programs and industries. -0-
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