三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Farmers in southwest China's Sichuan Province need not pay tax on local farm produce starting Sunday, according to a notice issued by the provincial government.

All institutions and individuals engaged in the production or distribution of certain special local farm produce will be exempt from the tax, and the measure is expected to benefit 68 million rural dwellers in Sichuan.

Dong Defu, a loquat grower in Renshou County of Sichuan Province, called the measure "really good news".

With a loquat orchard of about 12 hectares, Dong believed his net income could reach 300,000 yuan (US$35,145) this year.

"Exemption of the tax will save me about 30,000-40,000 yuan (US$3,614-4,819) at least," he said.

Last year, the province posted revenue of 332 million yuan (US$80 million) from the special local farm produce tax, about 1.2 percent of Sichuan's total tax revenue or 0.5 percent of its disposable capital.

Given the fast development of the local economy and increased capital investment from the central government, officials with the provincial government believed the tax cut would help raise the income of farmers.

Close

Today's Top News		Top China News
+Mainland, HK settle landmark trade pact ( 2003-06-30) +Ministry: Encephalitis B epidemic in Guangdong under control ( 2003-06-30) +Forbes business summit to showcase Shanghai and China ( 2003-06-30) +Beijing Games moved back two weeks ( 2003-06-30) +Identity card law to boost rights ( 2003-06-30)		+Pact to push HK economy forward ( 2003-06-30) +Police crackdown on rogue guards in Shenzhen ( 2003-06-30) +ID card law to protect citizenship ( 2003-06-30) +Superstar opens super bridge ( 2003-06-30) +Man bitten by cayman in Wuhan ( 2003-06-30)