China adopts law on customs duties
Time:2024-05-21 14:26:59 Source:healthViews(143)
Chinese lawmakers on Friday voted to adopt a law on customs duties to promote high-level opening up.
The law, which was passed at a session of the Standing Committee of the National People's Congress, the national legislature, will take effect on Dec. 1, 2024.
It maintains the basic stability of the existing tariff system, with the overall tax burden level remaining unchanged.
The law is of significant importance for advancing high-level opening up and fostering a market-oriented, law-based, and internationalized business environment, said Li Xuhong, a professor at the Beijing National Accounting Institute.
The move marked another step in China's tax legislation. Out of the country's existing 18 tax categories, China has enacted laws on 13 of them.
Previous:French sports minister calls for sanctions after Monaco player tapes over anti
Next:French sports minister calls for sanctions after Monaco player tapes over anti
You may also like
- Mystery artist who erected signs comparing pothole
- Policies yield key results in Xiong'an
- China wins Asian Games women's hockey title, seals Olympic qualification
- Batik Craftswoman in N China's Hebei
- Celebrity birthdays for the week of May 26
- Veterinarian Provides Quality Services to Rural Residents
- Craftswoman Promotes Rural Vitalization by Developing Family's Tea Business
- Pic Story: Protector of Black
- Election 2024: Biden and Trump bypassed the Commission on Presidential Debates