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  • China to further slash taxes, fees for manufacturing sector

    Manufacturing enterprises in China will benefit from the government's continued efforts to cut value-added tax and fees this year, and the total scale of the reductions in cost for the sector was expected to reach 1.65 trillion yuan ($240 billion) for 2019, officials said.Last year, the total reduct...

  • Premier vows steps on taxes, expenditure

    Premier Li Keqiang pledged greater strides on Wednesday in cutting taxes and reducing government expenditure as a key part of proactive fiscal policies this year to lift market expectations and keep major economic indicators within an appropriate range.Li's remarks came as he presided over a State C...

  • Nation eases path for business

    A key part of real estate broker Long Kai's job is to help homebuyers register their properties. Until a year ago, this involved many trips to government offices and waiting in long lines to be served. "Sometimes, we even had to arrive at midnight during the winter to ensure we could obtain services...

  • Tariff reduction to create multiple benefits

    China’s lowering of tariffs on imported products is a strong measure taken to expand opening-up. It will not only contribute to consumption upgrading and the building of a better market environment, but also create more opportunities for global enterprises. As planned, the country adjusted tariffs ...

  • China to continue tax cuts campaign in 2020

    China will make further efforts in tax cuts and fee reductions to increasingly optimize its business environment in 2020, the country's taxation authority said on Monday. The country will improve its tax administration efficiency and deepen international tax cooperation, the State Taxation Administr...

  • Wang Jun meets with Pascal Saint-Amans, director of center for tax policy and management of OECD

    On January 6, 2020, the Director of the State Taxation Administration, Wang Jun, met with Pascal Saint-Amans, Director of Center for Tax Policy and Management of the Organisation for Economic Co-operation and Development(OECD) in Beijing. Wang Daoshu, the chief auditor of the State Taxation Administ...

  • Guideline issued on supporting reform and development of private enterprises

    The CPC Central Committee and the State Council recently issued the Opinions on Creating a Better Development Environment to Support the Reform and Development of Private Enterprises to improve the policy environment and further reduce the tax burden on businesses. The guideline put forward a series...

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