国内英语资讯:China to further lower tax burden on individuals
<p><span word="BEIJING">BEIJING</span>, <span word="Nov">Nov</span>. 20-- <span word="China">China</span> <span word="will">will</span> <span word="continue">continue</span> <span word="to">to</span> <span word="reduce">reduce</span> <span word="the">the</span> <span word="tax">tax</span> <span word="burden">burden</span> <span word="on">on</span> <span word="individuals">individuals</span> <span word="by">by</span> <span word="improving">improving</span> <span word="and">and</span> <span word="better">better</span> <span word="implementing">implementing</span> <span word="the">the</span> <span word="special">special</span> <span word="individual">individual</span> <span word="income">income</span> <span word="tax">tax</span> <span word="deduction">deduction</span> <span word="mechanism">mechanism</span>.</p><p><span word="The">The</span> <span word="mechanism">mechanism</span> <span word="had">had</span> <span word="slashed">slashed</span> <span word="taxes">taxes</span> <span word="by">by</span> <span word="over">over</span> 440 <span word="billion">billion</span> <span word="yuan">yuan</span> (<span word="about">about</span> 62.5 <span word="billion">billion</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span>) <span word="for">for</span> 250 <span word="million">million</span> <span word="taxpayers">taxpayers</span> <span word="in">in</span> <span word="the">the</span> <span word="first">first</span> <span word="nine">nine</span> <span word="months">months</span> <span word="of">of</span> <span word="this">this</span> <span word="year">year</span>, <span word="according">according</span> <span word="to">to</span> <span word="a">a</span> <span word="statement">statement</span> <span word="released">released</span> <span word="after">after</span> <span word="a">a</span> <span word="State">State</span> <span word="Council">Council</span> <span word="executive">executive</span> <span word="meeting">meeting</span> <span word="chaired">chaired</span> <span word="by">by</span> <span word="Premier">Premier</span> <span word="Li">Li</span> <span word="Keqiang">Keqiang</span> <span word="Wednesday">Wednesday</span>.</p><p><span word="Launched">Launched</span> <span word="in">in</span> <span word="October">October</span> 2018, <span word="special">special</span> <span word="individual">individual</span> <span word="income">income</span> <span word="tax">tax</span> <span word="deductions">deductions</span> <span word="are">are</span> <span word="designed">designed</span> <span word="to">to</span> <span word="lower">lower</span> <span word="the">the</span> <span word="tax">tax</span> <span word="burden">burden</span> <span word="for">for</span> <span word="those">those</span> <span word="who">who</span> <span word="have">have</span> <span word="certain">certain</span> <span word="expenditures">expenditures</span>. <span word="Those">Those</span> <span word="expenditures">expenditures</span> <span word="cover">cover</span> <span word="six">six</span> <span word="areas">areas</span>, <span word="including">including</span> <span word="children">children</span>'<span word="s">s</span> <span word="education">education</span>, <span word="continuing">continuing</span> <span word="education">education</span>, <span word="medical">medical</span> <span word="treatment">treatment</span> <span word="for">for</span> <span word="serious">serious</span> <span word="diseases">diseases</span>, <span word="housing">housing</span> <span word="loan">loan</span> <span word="interests">interests</span>, <span word="rent">rent</span> <span word="and">and</span> <span word="elderly">elderly</span> <span word="care">care</span>.</p><p><span word="The">The</span> <span word="meeting">meeting</span> <span word="decided">decided</span> <span word="to">to</span> <span word="further">further</span> <span word="lower">lower</span> <span word="the">the</span> <span word="tax">tax</span> <span word="burden">burden</span> <span word="on">on</span> <span word="low">low</span>- <span word="and">and</span> <span word="medium">medium</span>-<span word="income">income</span> <span word="groups">groups</span>. <span word="It">It</span> <span word="passed">passed</span> <span word="a">a</span> <span word="temporary">temporary</span> <span word="decision">decision</span> <span word="to">to</span> <span word="exempt">exempt</span> <span word="those">those</span> <span word="whose">whose</span> <span word="aggregate">aggregate</span> <span word="annual">annual</span> <span word="income">income</span> <span word="is">is</span> <span word="no">no</span> <span word="higher">higher</span> <span word="than">than</span> 120,000 <span word="yuan">yuan</span> <span word="within">within</span> <span word="a">a</span> <span word="period">period</span> <span word="of">of</span> <span word="two">two</span> <span word="years">years</span> <span word="from">from</span> <span word="the">the</span> <span word="obligation">obligation</span> <span word="to">to</span> <span word="declare">declare</span> <span word="the">the</span> <span word="settlement">settlement</span> <span word="and">and</span> <span word="payment">payment</span> <span word="of">of</span> <span word="individual">individual</span> <span word="income">income</span> <span word="taxes">taxes</span>.</p><p><span word="Continued">Continued</span> <span word="efforts">efforts</span> <span word="should">should</span> <span word="be">be</span> <span word="made">made</span> <span word="to">to</span> <span word="advance">advance</span> <span word="the">the</span> <span word="centralized">centralized</span> <span word="procurement">procurement</span> <span word="and">and</span> <span word="utilization">utilization</span> <span word="of">of</span> <span word="medicines">medicines</span> <span word="as">as</span> <span word="such">such</span> <span word="measures">measures</span> <span word="have">have</span> <span word="reduced">reduced</span> <span word="the">the</span> <span word="burden">burden</span> <span word="on">on</span> <span word="the">the</span> <span word="public">public</span>, <span word="according">according</span> <span word="to">to</span> <span word="the">the</span> <span word="meeting">meeting</span>.</p><p><span word="To">To</span> <span word="ensure">ensure</span> <span word="the">the</span> <span word="stable">stable</span> <span word="supply">supply</span> <span word="and">and</span> <span word="quality">quality</span> <span word="of">of</span> <span word="medicines">medicines</span>, <span word="the">the</span> <span word="country">country</span> <span word="will">will</span> <span word="establish">establish</span> <span word="reporting">reporting</span> <span word="systems">systems</span> <span word="that">that</span> <span word="can">can</span> <span word="reflect">reflect</span> <span word="the">the</span> <span word="emergency">emergency</span> <span word="stocks">stocks</span>, <span word="inventories">inventories</span> <span word="and">and</span> <span word="production">production</span> <span word="capacities">capacities</span> <span word="of">of</span> <span word="bid">bid</span>-<span word="winning">winning</span> <span word="medicine">medicine</span> <span word="manufacturers">manufacturers</span>.</p>
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