Thursday, January 21, 2021
Tags Chinese tax

Tag: Chinese tax

China Approves New Stamp and Municipal Development Tax Provisions

China is on track to accelerate stamp tax and municipal development tax reforms following the passage of a new bill by the...

China Processes $116.31 Billion in Export Tax Rebates in First Half of 2020

Official data released by China's State Taxation Administration (STA) on 29 July indicates that it processed a total of 812.8 billion yuan...

China’s National Tax and Fee Reduction Exceeds 400 Billion Yuan for January-February

Official data points to a reduction in China's nationwide taxes and administrative fees of over 400 billion yuan in the first two...

Chinese Fiscal Policy Blue Paper Highlights Acceleration of Tax Reforms

A new blue paper on China's fiscal policy calls for the acceleration of ongoing reforms of the tax system.

China’s Tax Cuts Exceed 500 Billion Yuan for First Four Months of 2019

China's tax cut policies have led to a reduction of over half a trillion yuan in levies for the period from January...

Beijing’s New Tax Cuts Expected to Save Chinese Small Businesses 200B Yuan

The Chinese central government has flagged new tax cuts which are expected to reduce the tax burden for small and micro-enterprises by approximately 200...

Non-Original Shares on China’s New Third Board Temporarily Exempt from Personal Income Tax

China's financial regulators have announced that transfers of "non-original shares" on Shenzhen's New Third Board will be made temporally exempt from personal income tax. The...

Active Fiscal Policy Set to Become More Active: China’s Finance Minister

A report from the People's Daily says that the Chinese central government "has already confirmed that active fiscal policy will become even more active,"...

5000 Yuan Personal Income Tax Threshold Subject to Dynamic Adjustment in Future: MOF

The Chinese Ministry of Finance (MOF) says that the 5,000 yuan (approx. USD$732.05) minimum threshold for personal income tax will be subject to "dynamic...

State Council to Conduct Inspection of Real Estate Transaction Registrations

The State Council will conduct inspections of China's real estate transaction registrations as part of efforts to improve information gathering on the country's nationwide...

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KPMG Releases List of China’s Top 50 Fintech Companies in 2020

Accounting giant KPMG has just released its latest list of the leading fintech companies in China.

China’s State-owned Enterprises to Pursue Greater International Cooperation Post-COVID-19

The State Assets Supervision and Administration Commission (SASAC) hopes to expedite the expansion of Chinese state-owned enterprises (SOE's) into cooperative projects in...

Beijing Aims for Internet of Things Security Standards by 2022

The Chinese central government says it will drive the creation of security standards for Internet of Things (IoT) technology in China over...

TikTok’s Chinese Counterpart Confirms Addition of Online Payments Function

Douyin, the Chinese counterpart to social media giant TikTok, has confirmed that it is now capable of providing payments functions following the...