The Archive · 1931

Business Tax Exemption

State Council Passes New Measures

Nanking, Dec, 2.

At the Jiva meeting of the State Céuneil, yesterday, under the chair of T: V.' Soong, Vice-President of the Executive Yua of measures provi of or exemption from the Business Tax were adopted, These measures are briefly —Inasmuch as both consumers and producers of handmade native cloth are people of comparatively poor means, all manufacturers of and dealers) in this kind of eommodity should be exempt from the Business Tax. In the ease of shops which deal principally in native cloth, though dealing also in other kinds of commodities, exemption from the Business Tax should be granted to the extent of their trade handmade cloth, production, which, in the opinion of the Central, Provincial, or Municipal Authorities, should either be pro: moted or protected, appropriate exemptions from the Business Tax should "be granted. Exemptions granted by" the Provincial or Municipal Authorities on their own, initiative should be reported to the in ails of daily nectary as as (fod oF famine) relief supplies may, at the discretion of the Central Provincial, or Municipal Author ties, be granted exemptions from the tax'within a certain ap And in special areas to be designat~ ed'by such authorities. Exemptions granted by the Local authorities on their own initiative should be. reported to the Ministry of Finance for record.

-d—Manufeeturers of or dealers in the staple products of the country or hand-woven articles may, where special considerations. of foreiga trade necessitate, be granted exempt tions from or reductions of the Business Tax. "Where such ferential treatment has been granted the Provincial "or Atunicipal Authorities, they should report the Ministry of Finunce for record, Kuo Min.

Text read from the printed page and cleaned; old type leaves the occasional error.

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