Central govt set to take over tax rebate process
By Mu Chen In Beijing And Yu Ran In Shanghai | China Daily | Updated: 2015-03-04 07:52
Move intended to support firms selling abroad and spur economic growth
The central government has assumed full responsibility for paying export tax rebates to companies, the latest measure to reverse a slump in exports and spur growth.
The State Council, China's cabinet, said on Tuesday in an online statement that the change is retroactive to Jan 1.
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