China proposes to implement a fiscal and taxation policy for the development of indivi

The State Council of China issued a statement on Tuesday (October 25) that fiscal and taxation policies that are conducive to the development of individual industrial and commercial households will be implemented.The local people's governments at or above the county level and their relevant departments shall strictly implement relevant fiscal and tax support policies to ensure accurate and timely benefit of individual industrial and commercial households.

According to the China Government Network, the State Council's promotion of the development regulations of individual industrial and commercial households (hereinafter referred to as the regulations) pointed out that in order to encourage, support and guide the healthy development of the individual economy, safeguard the legitimate rights and interests of individual industrial and commercial households, stabilize and expand and expandUrban -rural employment, give full play to the important role of individual industrial and commercial households in national economic and social development, and formulate these regulations.

The regulations point out that the state has strengthened the construction of the public service platform system of individual industrial and commercial households, and provides information services such as legal policies, market supply and demand, recruitment of employment, entrepreneurial training, and financial support for individual industrial and commercial households.

The state encourages and guides entrepreneurial investment institutions and social funds to support the development of individual industrial and commercial households.The local people's governments at or above the county level should give full play to the role of various types of funds to provide financial support for individual industrial and commercial households in terms of entrepreneurial innovation, loan financing, and vocational skills training.

The state implements a fiscal and taxation policy that is conducive to the development of individual industrial and commercial households.The local people's governments at or above the county level and their relevant departments shall strictly implement relevant fiscal and tax support policies to ensure accurate and timely benefit of individual industrial and commercial households.

The state guides and supports individual industrial and commercial households to accelerate digital development and realize online and offline integration operations.Platform operators should provide support for individual industrial and commercial households in terms of conditions, service rules, and charges.Restrictions, unreasonable conditions or unreasonable fees are charged.