China's small and micro-sized businesses are on a roll this year, thanks to hefty tax breaks totaling 946.1 billion yuan ($131.4 billion) from January to September—a 6.7% increase from last year! 🤑💼
According to the State Taxation Administration, these businesses play a crucial role in creating jobs, boosting the market, and enhancing everyone's livelihoods. To support them, China has harmonized its taxation reforms with cuts in taxes and fees, lightening the financial load for entrepreneurs and startups. 📈✨
Over the past five years, the total tax relief for small and micro-sized businesses has soared past 5 trillion yuan, demonstrating China's commitment to fostering a vibrant and dynamic economy. 🚀🌟
