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Lishui drives economic growth with adaptive tax policies

ezhejiang.gov.cn| Updated : Dec 29, 2023 L M S

To invigorate economic activity, Lishui has implemented tax reduction and fee reduction measures, particularly focusing on the value-added tax policies. 

The city has, to date, realized a substantial 5.59 billion yuan ($792.10 million) in VAT-related benefits, showcasing a commitment to fostering a business-friendly environment.

Leveraging cutting-edge tax data analytic technologies, Lishui's tax department has introduced personalized dividends for businesses, offering insights into policy highlights, tax benefits reminders, and service function enhancements. This innovative approach has received positive feedback, with companies like Zhejiang Zhanfeng Shoe Industry commending the convenience of 24-hour online consultations through the chatbot named Tax Assistant.

The city has prioritized seamless service delivery by optimizing processes and establishing service-oriented tax offices, ensuring rapid response mechanisms to address taxpayer inquiries promptly. Furthermore, the introduction of the Integrated Tax Refund platform, driven by digitalization, simplifies the application process, reducing complexities for businesses.

Looking ahead, Lishui remains dedicated to refining the tax landscape, providing tailored support for businesses, and propelling economic growth through the effective implementation of tax relief policies.