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Private sector sees more benefits from tax relief measures

By Cheng Yu | chinadaily.com.cn | Updated: 2023-11-28 13:57

An employee works on the production line in a glass-making factory in Hengyang city, Hunan province on Jan 28, 2023. [Photo/Xinhua]

China has appointed Hu Jinglin as Party secretary of the State Taxation Administration, the tax authority said on its website on Tuesday.

Latest data from the administration showed that newly-implemented tax refunds, tax and fee cuts and deferrals exceeded 1.66 trillion yuan ($233.28 billion) in the first 10 months of this year.

Notably, taxpayers from the private sector have become a major beneficiary of the country's tax and fee relief measures, as nearly 1.24 trillion yuan of tax and fee payments were rebated, deducted or deferred for private businesses during the period, the administration said.

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