Saturday, February 2, 2008

Chinese Online Class - China to scrap all agricultural taxes in 2006

Home Business China International Culture��Edu Sci��Tech Sports Life Travel P
hotos

��Search

  China Observer

�� Blogosphere a new spiritual home for urban youths

�� IPO Pricing Inquiry is hurting, not helping, the market

�� 2004 Statistical Communiqu�� of China

  Photos

�� Yarn Expo

�� Growing railroad market

�� Int'l education cooperation

��Home>>

China to scrap all agricultural taxes in 2006

www.chinanews.cn 2005-03-05 10:17:53

(Source: Xinhuanet)

BEIJING, March 5 - China will exempt the agriculturaltax for farmers
throughout the country in 2006, two years ahead of schedule, Premier Wen
Jiabao announced here Saturday in his annual government work report to
the parliament.
"The agricultural tax will be exempted throughout the country next year,
which means what had been targeted for five years will be achieved in
three," Wen told the annual full session of the National People's
Congress (NPC) that opened Saturday.
The premier told the legislators that the government will speedup the
nationwide process of agricultural tax reduction, exempt the tax in 592
counties included in the national poverty relief program and do away with
livestock taxes across the country beforethe end of this year.
"Revenue decreases in local budgets brought about by reduced orexempted
taxes on agriculture and livestock will be offset principally by transfer
payments from the central government," thepremier said in his report.
This will involve an additional 14 billion yuan (1.7 billion USdollars)
from the central budget this year and will bring the total expenditure to
66.4 billion yuan (8 billion US dollars), he added.
The government first declared to phase out the centuries-old levies
during last year's annual NPC session, when the premier pledged to reduce
the overall agricultural tax rate by over one percentage point each year,
and rescind the levy in five years.
To date, 26 of China's 31 provinces, municipalities and autonomous
regions have announced termination of all agricultural taxes before the
end of this year, when about 730 million farmers will have been relieved
from the levy, said Fan Xiaojian, vice minister of agriculture, at a
recent work conference in east China's Shandong Province.
The five localities that will continue to charge agricultural taxes,
including the provinces of Hebei, Shandong, Yunnan and Gansu and the
Guangxi Zhuang Autonomous Region, will reduce taxes by at least 2 percent
this year, according to Fan.

E-mail: zhangqinghua@chinanews.com.cn Tel: 8610-88387443 Fax:
8610-68327649

Copyright� 2004 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.
Disclaimer: viewpoints in the website do not represent China News Service

No comments: