Peng Hao, director of the management committee of Wuhan Economic and Technological Development Zone (WHDZ) in Wuhan, capital of Hubei province, visited the zone's tax bureau on March 4, to learn more about its work and procedures.
Bureau managers presented a detailed report on the zone's tax collection activities, as well as its efforts to reduce the tax burden and administrative charges during 2018.
Data revealed that over the past year, WHDZ achieved tax revenues of 35.84 billion yuan ($5.34 billion), and reduced taxes by 10.4 billion yuan.
In line with China's efforts to cut the tax burden for individuals and businesses, WHDZ plans to cut taxes worth a total of 13.02 billion yuan in 2019.
It is difficult to reduce the tax burden and achieve an increase in tax revenues at the same time, but we will work hard to do so, said Peng.
A meeting is held at the tax bureau of Wuhan Economic and Technological Development Zone on March 4. [Photo/WeChat account of WHDZ]
