BEIJING,July 24--an executive meeting of the State Council was held.he announcement was made that China will suspend the value-added tax(VAT)and turnover tax for small businesses with monthly sales of less than 20,000 Yuan The announcent was starting from Aug.1.The meeting pointed out,there are a large number of small and micro business BEIJING, July 24 - an executive meeting of the State Council was held. The announcement was made that China will suspend the value-added tax (VAT) and turnover tax for small businesses with monthly sales of less than 20,000 Yuan. The announcent was starting. from Aug.1.The meeting pointed pointed, there are a large number of small and micro business