Wednesday, April 14, 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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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...