Thursday, October 22, 2020
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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China’s P2P Platforms Drop from 5000 to Less Than 6

Chinese P2P lending has been all-but squeezed out of existence by regulators in response to widespread issues with fraud in the once-flourishing...

CSRC Says Blockchain Used in Regtech Pilot Schemes for China’s Regional Equity Markets

A senior official from the China Securities Regulatory Commission (CSRC) has highlighted the application of blockchain technology to regulatory trials in the...

China’s Top Finance Regulators Send Raft of Policy Signals at 2020 Financial Street Forum

Senior officials from the People's Bank of China (PBOC), the China Banking and Insurance Regulatory Commission (CBIRC) and the China Securities Regulatory...

PBOC to Issue New Rules on Assessment of Systemically Important Banks

A senior official has flagged the imminent launch by the Chinese central bank (the People's Bank of China) of new rules governing...