BEIJING, Sept. 27 (Xinhua) -- China will expand several preferential tax and fee policies to further reduce the burden on enterprises and promote their development, the Ministry of Finance said Wednesday.

China will continue to exempt certain drugs and medical devices intended to prevent epidemics from registration fees from Jan. 1, 2024, to Dec. 31, 2027, the ministry said¨, and the time limits for personnel in local reservoirs will be extended during the same period, the ministry added.

The discounted policies for heat suppliers will continue until the end of the heating season in 2027 and the discounted policies for publishing companies until 31 December 2027, the ministry said.

In the first eight months of the year, the country stepped up tax breaks to support market viability.

The ministry's data shows that China's tax revenue reached about 11.32 trillion yuan (about US$1.58 trillion) in the January-August period, a year-on-year decline of 12.6 %.

Supporting policies for funds used for transfer.

(Xinhua/RoZ)