BRITACOM Held Round-table Conference

On March 16 evening, the Belt and Road Initiative Tax Administration Cooperation Mechanism (BRITACOM) Round-table Conference was held in Beijing. The conference focused on the operation and promotion of the Belt and Road Initiative Tax Administration Capacity Enhancement Group (BRITACEG) Curriculum ...

China extends, improves tax relief policies for businesses

China has extended and improved a raft of preferential tax and fee policies, according to multiple statements issued by the Ministry of Finance and the State Taxation Administration based on decisions made at a State Council meeting last week.

China's NEV sales surge in February

Sales of new energy vehicles (NEVs) in China surged in February this year amid the country's efforts to promote automobile consumption, data from an industry association showed.

China develops new ways of macro regulation to support economy over past 5 years

China developed new ways of conducting macro regulation to keep the economy operating within an appropriate range over the past five years, according to a government work report submitted Sunday to the national legislature for deliberation.

China pledges stronger fiscal policies for high-quality development

China will continue to improve its proactive fiscal policies, boost consumption and investment, and help businesses further to support high-quality development this year, officials said on Wednesday.

China's tax and fee cuts, refunds, deferrals exceed 4 trillion yuan in 2022

China's tax refunds, as well as tax and fee cuts and deferrals, exceeded 4.2 trillion yuan (about 621.27 billion U.S. dollars) in 2022 amid the country's efforts to stabilize the macroeconomy.

Tax data shows consumption growth in China's Spring Festival holiday

The sales revenue of China's consumption-related sectors during the weeklong Spring Festival holiday went up 12.2 percent from last year.

China exempts over $12b purchase tax of NEVs in 2022

China exempted the purchase tax of new energy vehicles (NEV) for more than 80 billion yuan ($11.9 billion) in 2022 as an effort to boost low-carbon growth and NEV consumption.

China's tax and fee cuts, refunds, deferrals top 13 tln yuan from 2013-2022

China's combined tax and fee cuts, refunds and deferrals surpassed 13 trillion yuan (1.93 trillion U.S. dollars) from 2013 to 2022, a senior official said on Tuesday.

The STA introduced 17 measures to facilitate tax and fee payment in six areas

The State Taxation Administration carried out the "Spring Action of Tax Convenience for the People" for the 10th consecutive year with the theme of "Doing Good Things for the People and Modernizing Services".

China waives VAT for some small-scale taxpayers in 2023

China exempts small businesses with monthly sales of 100,000 yuan (about $14,790) or less from value-added tax (VAT) throughout 2023, according to finance and taxation authorities.

Tax and fee cut policy sustainable

Comprising tax cuts and VAT credit refunds, the favorable package has become an important part of China's microeconomic and fiscal policy, which is aimed at deepening supply-side structural reform, promoting high-quality development, easing the burden on enterprises and energizing the market players...

Chinese economy enjoys bright prospects

By pursuing progress while ensuring stability and promoting high-quality development, China took solid steps in its new journey to build a modern socialist country in all respects and maintained overall economic and social stability in 2022.

China sees big increase in vehicle exports

Chinese vehicle exports set a new record in October with a total of 337,000 Chinese vehicles, up 12.3 percent from September and 46 percent from a year ago.

China's export tax refund and exemption reach 1.64t

China's tax department continuously accelerated the export tax refund this year, offering powerful support for the steady growth of foreign trade, Securities Times reported.