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China relieves tax burden for processing trade firms

Xinhua | Updated: 2020-04-15 16:13

A teller counts cash at a bank branch in Hangzhou, capital of East China's Zhejiang province. [Photo by Hu Jianhuan/For China Daily]

BEIJING - China will exempt interest on tax deferred for domestic sales of processing trade enterprises in 2020, the Ministry of Finance said Wednesday.

The policy is effective from Wednesday to Dec 31 in a bid to stabilize the development of processing trade and relieve the burden on enterprises, the ministry said.

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