Since April 1, the state has implemented new VAT policies and supporting measures. In order to ensure the implementation of various measures to deepen VAT reform, the HR department and the finance department held a special training on VAT reform policies and practices in Panda Equipment Park on the afternoon of April 3. The chief accountant and Secretary of the board of directors of Panda Mr. Shen Jianlong attended the training and delivered a speech. More than 100 relevant persons in charge and practitioners of company participated in the training.

Shen Jianlong pointed out that the VAT reform has positive significance in reducing the tax burden, enhancing the vitality and stimulating the innovation and development of enterprises. Relevant personnel should attach importance to the new VAT reform, fully understand the impact of various tax reform on the company's related business and financial accounting, and effectively ensure the smooth implementation of various tax reform.

The training invited the Deputy Director of Taxation Bureau of Nanjing Economic and Technological Development Zone Mr. Zhang Shunlong to give lectures and answer questions on the spot. The experts of Tax Bureau mainly focused on the new policies of deepening VAT reform and the prevention of tax-related risks of enterprises, and explained in details about the relevant policies of <Announcement on Policies Concerning Deepening VAT Reform> and the risk prevention of VAT invoices.

Through this training, the financial key post personnel further understand and grasp the provisions of deepening the VAT reform policy, and ensure the smooth implementation of reducing the VAT tax rate, reduce the tax burden and effectively prevent the company's tax-related risks.