Source: CCTV.com
07-01-2008 12:41
Special Report: Post-quake reconstructionSpecial Report: Strong quake jolts SW China
On Monday, China's State Council unveiled a raft of fiscal measures to support reconstruction after the May 12 earthquake, including the exemption of corporate income taxes this year for companies that suffered heavy losses.
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| The State Council announced a range of policies, including taxation, credit and employment policies, to support reconstruction as well as tax relief for companies funding reconstruction.(CCTV.com) |
The State Council announced a range of policies, including taxation, credit and employment policies, to support reconstruction as well as tax relief for companies funding reconstruction.
It also promised a six-month extension on all loan repayments in arrears due to the quake.
The State Council said affected companies would be given priority in applications for initial public offerings on the stock market or refinancing plans if already listed.
