China to Scrapped Random Government Fees

China to  Scrapped Random Government FeesIn its latest efforts in reducing enterprises burdens and to boost market vitality, the Chinese government has eliminated random government fees for firms within six months of its establishment. The new campaign targets administrative fees and government funds that force enterprises to pay for its approval, entry, market supervision and guild membership.

Although China has scrapped more than 600 enterprises related fee since last year, it promised to continue to conduct tax reduction and further reduce fees across the board this year. The government will then inspect the effects of the fee reductions that were made last ear and to ensure all the reforms are implemented efficiently especially small businesses, government subsidized housing, service sectors and college graduates.

All unapproved, inefficient and unlawful government funds will also be scrapped and redundant ones will be integrated. Also no unauthorized fees will come out or coverage expansion s allowed and overcharging services will be lowering their fees.

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