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China Daily Website

Tax exemptions proposed for daily necessities

Updated: 2012-03-07 19:53
By Xiao Lixin (

Li Jingxian, a member of the Chinese People's Political Consultative Conference National Committee has proposed that daily necessities should be exempt from value-added tax (VAT) to cope with the rising of prices.

Li's proposal has four specific categories for exemptions: agricultural food products, processed food such as noodles and meatballs, water, and electricity and gas within the quota designated by household size.