"As the pandemic is getting better and economic recovery is accelerating, a large part of corporate loans whose principal and interest repayments were deferred have restored the previous interest calculation methods, and the overall risk related to the rest of the loans remains controllable.

Boeing, a US-based multinational corporation that designs, manufactures, and sells commercial airplanes to airlines worldwide, entered into a deferred prosecution agreement (DPA) in connection with a criminal information filed in the Northern District of Texas, the Justice Department said in a statement.

Canadia media outlet CBC reported Meng's lawyers also pointed to the fact HSBC had its own deferred prosecution agreement at the time with the US Department of Justice, which saw the bank pay a $1.9 billion fine for misconduct.

com has built all over China, they will be exempted from three months of management fees and their respective annual business target can be deferred by three months.

The company was the subject of investigations in the United States, France and the United Kingdom, and on Tuesday it agreed terms with prosecutors in the UK for what is known as a deferred prosecution agreement, allowing it to avoid formal charges.

Samoa's Minister of Public Enterprises Lautafi Selafi Purcell said on Wednesday that the government had deferred the commissioning of new Boeing 737 Max 9 aircraft until it gets the green light from regional aviation regulators.

Sentiment has largely been cautious and there has not been much room for investors to leverage their holdings," said Shen Meng, director of boutique investment bank Chanson & Co. Shen said that Xiaomi's plans to defer the CDR issue will not have any long-term impact or determine the course of its HK float.

KNM told the Malaysian stock exchange on Tuesday that its subsidiary in Britain, Peterborough Green Energy, had awarded an engineering, procurement, construction and commissioning (EPCC) contract to CWPC on a deferred payment scheme.

Notably, taxpayers from the private sector have become a major beneficiary of the country's tax and fee relief measures, as nearly 1.24 trillion yuan of tax and fee payments were rebated, deducted or deferred for private businesses during the period, the administration said.

The country could also provide more financial subsidies to reduce tax burdens on enterprises, and further reduce and exempt value-added taxes and income taxes for SMEs, while entitling them to defer or reduce social insurance premium payments.

They are just compensation for deferred consumption.

The total consists of approximately 2.46 trillion yuan worth of value-added tax credits that have been refunded to taxpayers' accounts, over 1 trillion yuan of tax and fee cuts, and 750 billion yuan of deferred tax and fee payments, Wang Daoshu, deputy head of the State Taxation Administration, told a press conference.

About 1.5 trillion yuan of tax and fee payments were rebated, deducted or deferred for enterprises in the manufacturing sector last year, accounting for 35 percent of the total, Wang said.

Last year till Nov 10, China had cut or deferred taxes and administrative fees by more than 3.7 trillion yuan, according to data released by the State Taxation Administration.

The total consists of approximately 2.21 trillion yuan worth of value-added tax credits that had been refunded to taxpayers, 591.6 billion yuan of tax and fee cuts, and 632.6 billion yuan of deferred tax and fee payments.

On top of these inclusive tax and fee incentives, an executive meeting of China's State Council last week decided to temporarily defer payments of certain government-levied charges and deposits to further ease the burden on market entities, especially micro, small and medium-sized enterprises, self-employed households and manufacturing firms.

China will allow market entities to defer payments of certain government-levied charges to further reduce financial burdens, and offer tax concessions for private pension schemes, according to a State Council executive meeting.

Payments of certain government-levied charges and deposits will be temporarily deferred to further ease the burdens on market entities and help them overcome difficulties.

Payments of 14 government-levied charges, including farmland reclamation fees and sewage and household waste disposal fees, amounting to over 53 billion yuan ($7.49 billion) will be deferred without incurring overdue fines.

Payments of project quality deposits of various kinds, totaling approximately 63 billion yuan, will be deferred.

Payments of government levied charges will be deferred by one quarter.

Those workers, who come from 23,000 enterprises, are allowed to defer contributions of roughly 7.1 billion yuan ($ 1.1 billion), said ministry spokesman Wang Shengjun at a news conference on Thursday.

The company benefited from preferential financial policies, including tax exemptions and reductions and deferred payments of social insurance and other operating expenses like electricity.

Since the beginning of the year, the country's tax and fee deferrals have reached 553.3 billion yuan, of which 525.7 billion yuan of taxes and fees were deferred to continue supporting smaller manufacturing enterprises.

The deferred payment of tax and fees during the period came in at 463.2 billion yuan, effectively helping enterprises increase their cash flows, Cai said.

Tax refunds and fee cuts were introduced, social security contribution payments were deferred, and industrial and supply chains were unsnarled.

The country will also allow medium, small and micro enterprises to defer payments of their contributions to the basic medical insurance, launch initiatives to end unjustified charges levied on businesses, and postpone payments for government administrative charges, it said.

Earlier, it was announced at the State Council's executive meeting a policy of deferred premium payments for old age, unemployment and workplace safety insurance programs by micro, small and medium-sized enterprises, self-employed households and companies in five hard-hit sectors (namely catering, retail, tourism, civil aviation and highway, waterway and railway transportation) will be prolonged through the end of this year.

Support also will be stepped up for the implementation of national tax reduction policies, including a phased, value-added tax exemption policy for small-scale taxpayers, VAT credit refunds, deferred payments for some taxes and policies related to export tax rebates.

The policy of deferred premium payments of old-age, unemployment and workplace safety insurance programs by micro, small and medium-sized enterprises, self-employed households and companies in the catering, retail, tourism, civil aviation, and highway, waterway and railway transportation sectors will be prolonged until the end of this year, and extended to other industries facing serious difficulties.

As a result, the deferred payments this year will reach 320 billion yuan.

Specifically, tax refunds and breaks, deferred payment of social insurance premiums, reductions in financing costs and other measures should all focus on keeping the operation of market entities stable, keeping payrolls stable and keeping employment stable, to safeguard basic livelihoods, stabilize growth and drive consumption.

Efforts will also be made to support the implementation of national tax reduction policies, including a phased VAT (value-added tax) exemption policy for small-scale taxpayers, VAT credit refunds, deferred payments for some taxes and policies related to export tax rebates.

Tax refunds and breaks, deferred payment of social insurance premiums, reductions in financing costs and other measures should all focus on maintaining the stability of market entities, payrolls and employment, to ensure people's basic livelihoods, stabilize growth and drive consumption.

Measures to expand the coverage and extend the time frame of the policy for deferred payments of old-age insurance premiums will be promptly explored.

Policy measures, such as on tax refunds and reductions and fee cuts, deferred payment of social insurance premiums, open and smooth logistics services and the early resumption of the full-capacity production of enterprises, should be effectively implemented.

- China's tax authorities nationwide in March have deferred 256.7 billion yuan ($40.26 billion) of taxes for micro, small and medium enterprises in the manufacturing sector, according to the State Taxation Administration.

China deferred tax payments for the fourth quarter of 2021 for micro, small and medium enterprises to ease the impact of rising costs.

Social insurance premiums to be deferred to support stable payrolls, provide trainingChina will adopt the policy of postponing payments of old-age insurance premiums for a limited time for industries experiencing special difficulty, and it will channel more unemployment insurance funds to support enterprises in maintaining stable payrolls and providing training, according to a decision made at the State Council's executive meeting chaired by Premier Li Keqiang on Wednesday.

"What the government can do is to have these payments deferred for now, and adjust and adapt the policy as the situation evolves.

"For the catering, retail, tourism, civil aviation, highway, waterway and railway transportation industries, the policy to defer payments of old-age insurance premiums will be implemented during the second quarter of this year.

"We will implement various steps to boost assistance for micro and small and medium-sized businesses, including allowing deferred, reduced and refund payments of rent, taxes, social insurance, housing provident fund, utility bills and other expenses," Huang said during a press conference on Tuesday evening.

China has deferred an estimated 200 billion yuan of tax payments for micro, small and medium-sized enterprises in the manufacturing sector in 2021 to help them address difficulties and shore up the industrial economy, Wang said.

In 2022, interests on the deferred tax payments will be temporarily exempted for the domestic sales of processing trade enterprises.

Small and medium-sized enterprises in the manufacturing sector are permitted to defer certain tax payments for the fourth quarter, while small and micro enterprises severely impacted by the pandemic, floods and raw material price hikes can receive more lending support.

China will defer tax payment for small and medium-sized enterprises (SMEs) in the manufacturing sector to ease the impact of rising costs, a State Council executive meeting decided on Wednesday.

The decision would in effect defer around 200 billion yuan ($31.32 billion) of tax payment for manufacturing SMEs, the meeting said.

The meeting also decided to defer tax payment of around 17 billion yuan for coal-fired power companies and heating firms to ease their operating difficulties.

The rise of the personal income tax threshold and the establishment of special additional deduction have further reduced the relative attraction of the deferred commercial pension insurance of individual tax.

"The tariffs forced American companies to accept lower profit margins, cut wages and jobs for US workers, defer potential wage hikes or expansions, and raise prices for American consumers or companies," analysts at Brookings Institution were quoted as saying.

Last year the State Taxation Administration approved 29.2 billion yuan of deferred tax payment for 3.99 million taxpayers, a financial relief measure to mitigate shocks of the COVID-19, the administration reported after its annual meeting held in Beijing on January 8.

Those tools were the loan extension which encourages local banks－urban and rural commercial banks and rural credit cooperatives－to provisionally defer smaller businesses' inclusive loan repayments with incentives in place, and inclusive credit loans which provide local banks with concessional funding support.

Incentives will be put in place for local banks that provide inclusive loans for micro and small enterprises with a deferred repayment period of no less than six months.

Beijing customs have handled more than 200 million yuan of deferred tax payments for enterprises so far this year, according to the data.

During the first 10 months of this year, China's financial system has helped firms save a total of 1.25 trillion yuan ($188.8 billion) through cuts in interest rates and bank charges, allowing qualified micro, small and medium-sized enterprises to defer payment on loan principal and interest.

Liang Tao, vice-chairman of the China Banking and Insurance Regulatory Commission, said the banking sector has deferred payments on more than 3.7 trillion yuan of loan principal and interest, giving strong support to the financial and social recovery.

In the first eight months of the year, over 1.15 trillion yuan of tax and fee payments were rebated, deducted, or deferred, with the small and medium-sized enterprises (SMEs) benefitting the most from tax relief, Jin said.

China will start to implement mandatory certification for lithium-ion battery products starting from August 1 this year, despite calls from South Korea to defer such applications for South Korean companies.

In addition, the bank will continue to allow customers with COVID-19-related repayment difficulties to defer repayments on mortgage loan principal and interest, Yao said at a news conference announcing the bank's 2022 interim results on Tuesday.

But thanks to the favorable tax treatment for manufacturing enterprises, Li's company has so far been allowed to defer the payment of taxes worth 1.52 million yuan (about $229,687), which mobilized capital and supported production activities.

All physically settled nickel contracts due for delivery on March 9 or later were all deferred.

When it comes to offline shopping, consumers deferred their overseas shopping plans and turned their focus to inbound shopping, making Shanghai, Beijing, Guangzhou, Shenzhen and Sanya the top five cities for luxury product purchases.

"The swift control of the spread of COVID-19, rapid business resumption and gradual normalization of life, combined with deferred purchases and increasing monetary and physical support from the government, all seem to have bolstered the confidence of buyers and improved residential prices," said Macdonald.

Airlines have not only idled much of their fleet, but deferred or canceled orders for new aircraft due to the impact of the COVID-19 pandemic on the global civil aviation industry.

To mitigate the virus impacts, some local governments in China have rolled up supportive policies including credit support, financing cost cuts and deferred payment of land transfer fees to help developers tide over.

The policies include credit support, financing cost cuts and deferred payment of land transfer fees.

Major automakers including Ford and Toyota deferred to the Alliance for Automotive Innovation, an industry group, for a statement on the proposal.

The supply of related components was deferred in consequence and hence prices rose.

In 2014, Toyota agreed to pay a $1.2 billion fine and entered into a deferred prosecution agreement with the US.

GM reported that the results were driven primarily by a 7.3 billion non-cash charge related to the remeasurement of deferred tax assets due to US tax reform, and a largely non-cash charge of $6.2 billion resulting from the sale of its long-languishing European division.

According to GM's third-quarter report, the huge Opel/Vauxhall-related loss included approximately $4.3 billion of unrealizable deferred tax assets, $1.5 billion related to pensions and other net charges for working capital adjustments and costs to support the separation of operations.

According to a recent report from market research company Strategy Analytics, nearly 37 percent of the over 1,300 respondents it surveyed said they would defer plans to buy new smartphones, while 32 percent indicated they would postpone plans to upgrade to 5G services.

Over 1.33 trillion yuan in tax and fee payments, or 73.8 percent of the total amount, were rebated, deducted or deferred for private businesses during the period, the administration said.

Besides, small and medium-sized enterprises have benefited the most, and 1.12 trillion yuan were rebated, deducted or deferred, accounting for 61.8 percent of all types of scales of enterprises, the administration said.

"In January, figures released by the Ministry of Finance showed that tax and fee cuts, tax refunds and deferred payments last year totaled 4.2 trillion yuan, including 2.4 trillion yuan in VAT tax rebates — the largest amount in recent years.

"Last year, Shandong realized 297.6 billion yuan in deferred tax and fee cuts.

They can also apply to defer repayment of the loan principal for a year without penalties or compound interest, Assistant Finance Minister Ou Wenhan said on Friday.

The measures were adopted after the decision by a recent State Council executive meeting to continue the policy of interest-free and deferred principal repayments for government-subsidized student loans.

In addition, tax payments from small businesses, which were deferred from last year to earlier this year, also contributed to overall revenue growth.

The total consists of approximately 2.46 trillion yuan worth of value-added tax credits that have been refunded to taxpayers' accounts, over 1 trillion yuan of tax and fee cuts, and 750 billion yuan of deferred tax and fee payments, Wang Daoshu, deputy head of the State Taxation Administration, told a news conference.

Preferential tax and fee reduction policies saved taxpayers 789.6 billion yuan in this period, while deferred payment of tax and fees came in at 679.7 billion yuan, according to Wang.

From the beginning of this year to Sept 20, the country had refunded 2.2 trillion yuan (about $309.9 billion) of VAT credit and approved deferred payments on 632.6 billion yuan of taxes and fees, according to the State Taxation Administration.

The country has allowed micro, small and medium-sized enterprises and self-employed households in the manufacturing sector to defer the payment of certain taxes and fees worth around 440 billion yuan till the end of the year.

The total consists of approximately 2.21 trillion yuan worth of value-added tax credits that had been refunded to taxpayers' accounts, 591.6 billion yuan of tax and fee cuts, and 632.6 billion yuan of deferred tax and fee payments.

Official data shows that China has deferred 525.6 billion yuan worth of taxes and fees for 3.05 million micro, small and medium-sized enterprises in the manufacturing sector since the implementation of the tax and fee deferment policy.

For homebuyers who have difficulty in repaying mortgage loans and suffer protracted delays in the delivery of presold homes, banks could allow them to defer principal and interest repayments.

Banks are also required to focus on weak links in the manufacturing industry and implement current financial support policies well by extending deferred loan payments for smaller businesses and companies hit hard by the pandemic.

However, China has ramped up policies to defer tax payments for micro, small and medium-sized enterprises, which help them maintain a relatively healthy balance sheet.

The assets include debtors' projects that have entered bankruptcy proceedings, assets such as principal and interest that have been overdue for more than 90 days, and loans which are past due again after payments on loan principal and interest have already been deferred due to the impact of COVID-19.

For those companies in the sectors severely affected by COVID-19, like catering, retail, culture, tourism and transportation, and truck drivers, banks are encouraged by the CBIRC to extend the deadline on their deferred repayment of loan principal and interest as appropriate.

Meanwhile, a total of 428.9 billion yuan of taxes have been deferred for micro, small and medium-sized enterprises in the manufacturing sector, Rong added.

BOC will continue to give financial support to companies facing temporary operational challenges due to COVID-19, strengthen services to safeguard people's livelihoods, make flexible adjustments to repayment arrangements for mortgage loans, and defer repayments on loan principal and interest for eligible market entities and individual clients.

A recent State-level notice stated that in addition to the five sectors — catering, retailing, tourism and transportation — that have been hardest hit, companies in 12 other sectors will also be allowed to defer pension insurance payments until the end of this year.

Small and medium-sized companies and individual businesses that have experienced difficulties because of the epidemic can also apply to defer insurance payments until the end of this year without incurring charges.

The notice further stipulated that companies applying to defer insurance payments must ensure that workers' rights are respected.

Ever since the COVID-19 pandemic first hit in Wuhan, Hubei province, ICBC has deferred repayments on principal and interest, which involves a loan principal of more than 400 billion yuan ($59.77 billion) for 265,000 MSEs whose total credit lines are up to 10 million yuan per borrower.

Since the beginning of this year, the bank has deferred repayments on the principal of 68.2 billion yuan for 31,000 MSEs.

In addition, the bank deferred repayments of principal and interest of over 5 billion yuan for 2,000 businesses in the first quarter, the majority of which are MSEs facing difficulties.

In addition, it is estimated that some of the deferred repayments of principal and interests on loans to micro, small and medium-sized enterprises that are in temporary difficulties during the COVID-19 pandemic will turn into bad loans and thus further raise the pressure on rural commercial banks.

Small and midsize rural commercial banks in China have deferred loan principal payments totaling 3.4 trillion yuan since 2020 for micro and small enterprises (MSEs) affected by COVID-19, alleviating temporary operational difficulties of the businesses.