Shandong SME exempt from tax of 22.75 mln yuan
- By Wang Yanfang
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E-mail China.org.cn, November 21, 2013
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The policy of temporarily exempting small and micro-enterprises' value-added taxes and sales taxes has been carried out for more than three months in Shandong Province.
About 249,300 enterprises in the province have enjoyed preferential tax breaks, accounting for a monthly average of 66.95 percent of SME.
The value-added taxes exempted totaled around 22.75 million yuan (US$3.73 million).
During the period from January to September, 90,000 SMEs were exempted from income taxes totaling around the sum of 300 million yuan.
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