East China’s Jiangsu province has reported 570.64 billion yuan in tax and fee reductions over the past three years.
Jiangsu province has reported 570.64 billion yuan in tax and fee reductions over the past three years since the reform of the national and local tax collection and management system, providing important support for the steady recovery of the economy, according to the province's taxation work conference held on Wednesday. In 2021, the tax department handled 301 billion yuan of export tax rebates and tax exemptions, an increase of 31.07% with new tax cuts and fee reductions reaching 100 billion yuan, effectively stimulating the vitality of market players.
