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In China, increased the rate of deductions from the profits of state enterprises by 5 percent

The rate of deductions of state enterprises from profits in the state treasury increased by 5 percent, reported today IA Xinhua, referring to the Ministry of Finance of the PRC.

The notice on the further increase of the rate of deductions from the profits of large enterprises states that from 2014 the rate of deductions from the profits of state enterprises will be increased by 5 percent in relation to the previous level. The rate of deductions from profits for state-owned enterprises of the first category will be 25 percent, the second category - 20 percent, the third category - 15 percent.

The list of state-owned enterprises of the first category includes only one company: the China Tobacco Company, the second category - 15 enterprises: China Oil and Gas Corporation / "PeytroChina" /, China Petrochemical Corporation / "Sinopec" /, State Electricity Corporation, Telecommunications Union "China Telecom", etc. ., third category - 70 enterprises: Anshan Metallurgical Company, China Ocean Transportation Company, China Aviation Corporation, etc.

The funds received from the increase in the rate of deductions for the profits of state-owned enterprises will be used to improve people's livelihood, the notice says.

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