Tax policy:
Notice on Continuing to Promote Preferential Policies for Cultural Value-added Tax and Business Tax (hereinafter referred to as "Notice" Caishui [2065438+03] No.87) was recently officially issued by the Ministry of Finance of People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China. The Notice states that1October 20 13 1 February 20 17 12 3 1 shall be exempted from the value-added tax in the wholesale and retail of books.