China to Abolish Administrative Fees for Individual Businesses

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Aug. 25 – The Ministry of Finance announced on their website that administrative fees for individual-owned businesses and market vendors will be abolished beginning September 1.

The canceled fees will help individual business owners and urge people to start businesses of their own in the government’s bid to create more jobs for 10 million urban dwellers this year.

The administrative fees had previously charged small business owners and vendors’ service charges from local market watchdogs. It had been criticized as being too expensive costing twice the amount of business taxes and blamed for discouraging individuals to start businesses.

The cities of Beijing, Shanghai and Zhejiang have already gone ahead and scrapped the fees.