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Tibet’s tax cut promotes local economy
update:January 16,2018

Jan. 16, 2018 -- Tax officials at Qiongjie County, Tibet Autonomous Region, interpret the policy of replacing the business tax with a value-added tax to a Tibetan taxpayer. Photo by Zhao Lang

Jan. 16, 2018 -- Tibet's tax revenue rose to 30 billion yuan in 2017, providing strong support to Tibet's economic and social development, according to the State Tax Bureau of Tibet Autonomous Region.

The bureau implemented various tax cut policies in 2017. The reform program to replace business tax with value-added tax has been comprehensively carried out since May 1, 2016, triggering a cut of 2.805 billion yuan.

Jan. 16, 2018 -- Tax officials in Shigatse, Tibet Autonomous Region, publicize tax policy. Photo by Zhao Lang

Jan. 16, 2018 -- Tax officials in Shannan, Tibet Autonomous Region, publicize tax law. Photo by Zhao Lang

Busang, owner of a food company at Naqu, Tibet Autonomous Region, said thanks to the reform, the value added tax rate for food has reduced from 13 percent to 11 percent.

By: Shi Dongdong

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