BEIJING, Feb. 19 (Xinhua) -- Chengdu, capital city of southwest China's Sichuan Province Monday introduced a total of 12 measures covering areas such as business registration and tax services to further optimize e-commerce business environment.
It is reported that Chengdu's e-commerce transaction in 2018 amounted to 1.87 trillion yuan, up 28.5 percent year on year. However, the industry still faces problems such as lack of leading enterprises and irregular market order.
The new measures will help solve these problems, in a bid to create an open and fair competitive environment for e-commerce participants.
In terms of business registration, according to new measures, online registration is allowed for related operators, and individual e-commerce operators are allowed to register their online shops as business operation places.
As for tax services, Chengdu will vigorously promote general VAT (value added tax) electronic invoice, and meanwhile implement preferential tax policies for small and micro-sized e-commerce enterprises to reduce e-commerce operating cost. (Edited by Gu Shanshan)
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