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The State Council recently approved a programme sub-mitted by the Ministry of Finance, the State Taxation Adminis-tration and the General Administration of Customs on adjustingthe preferential tax policies that had expired by the end of 2000so as to gradually streamline the preferential tax policies.Thethree government departments will issue circulars one after an-other on whether or not the 43 preferential tax policies due atthe end of 2000 will be retained, abolished or adjusted. According to the programme, three methods, i. e. stoppingimplementation, retaining after adjustment and continuing toimplement without making adjustment, will be adopted.
The State Council recently approved a program sub-mitted by the Ministry of Finance, the State Taxation Adminis-tration and the General Administration of Customs on adjusting the preferential tax policies that had expired by the end of 2000 as as a stream streamline the preferential tax policies. Thethree government departments will issue circulars one after an-other on whether or not the 43 preferential tax policies due atthe end of 2000 will be retained, abolished or adjusted. According to the program, three methods, ie stopping dimplementation, retaining after adjustment and continuing toimplement without making adjustment, will be adopted.