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Wuxi is located in the central area of the Yangtze River Delta. It covers an area of 4,788 square km and has a total population of 5.84 million.

It exercises jurisdiction over the county-level cities of Jiangyin and Yixing.as well as seven districts of Chongan, Nanchang, Beitang, Xishan, Huishan, Binhu and Xinqu.

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Hubin Hotel
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Add:No.1, Huanhu
Road, Wuxi

Wuxi is the birthplace of Wu Culture, national industry and commerce, and township enterprises in China. It is an Outstanding Tourist City of China, a National Sanitary City, a National Garden City, a National Model City for Science and Education, and one of the Top 10 Most Competitive Cities in China. It is a city with characters.
 
 
 

 


 

BEIJING -- The State Council, or China's Cabinet, on Wednesday approved a pilot program to replace turnover tax with a value-added tax (VAT).

The government will replace turnover tax with a VAT on select service sectors, such as the transport sector, in Shanghai from Jan 1, 2012, said a statement issued after a State Council meeting presided over by Premier Wen Jiabao.

If the pilot program is successful and the conditions are right, the policy will be extended to some service businesses nationwide, it said.

The reform aims to incrementally replace turnover tax with a VAT in all sectors nationwide, it said.

Turnover tax refers to a tax on the gross revenue of a business, while a VAT refers to a tax levied on the difference between a commodity's price before taxes and its cost of production.

The policy change is considered a taxation reduction, especially for the service sector.

Current VAT rates include two ranks, 17 percent and 13 percent. According to the statement, the government will also add two lower ranks, 11 percent and 6 percent.

Furthermore, a draft amendment to the regulation on fodder and fodder additives was passed at the meeting in order to address the abuse of fodder additives.

The draft has allowed authorities to publicize fodder producers who violate safety rules and to issue tougher punishments to violators.



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