编辑：sx_songj
2015-12-31
中国增值税改革有望于明年在全行业实施。这篇英语新闻阅读希望对大家的学习有所帮助!
英语新闻阅读：2016中国将实行增值税改革
Business taxes in four sectors - finance, construction, property and consumer services - will be replaced by VAT.
Business tax refers to a levy on the gross revenue of a business, while VAT refers to a taxlevied on the difference between a commodity's price before taxes and its cost of production.
One objective of VAT reform is to alleviate the corporate tax burden.
It's been predicted that once all industries shift to VAT in 2016, the overall tax savings nationally will be more than 900 billion yuan or 0.4 percent of GDP.
In addition, VAT can promote the development of the service sector and the upgrading of the manufacturing sector.
英语新闻阅读是不是对同学们有所帮助呢?希望同学们认真阅读，祝大家学业有成。
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标签：英语新闻
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