A raft of tax reforms has made it easier for China’s micro- and small-sized companies, writes Lily Li In January, China’s State Council, chaired by Premier Li Keqiang, announced support for the country’s main job creators, micro- and small-sized enterprises (MSEs), in the form of tax cuts to both Value Added Tax (VAT) and Corporate Income Tax (CIT). MSEs are defined as businesses with less than RMB three million in …
