Thursday, March 4, 2021
Tags Chinese tax

Tag: Chinese tax

Beijing Cuts Income Tax for Technologically Advanced Service Enterprises

The Chinese central government has expanded tax cuts for technologically advanced service enterprises to the whole of the country following their prior deployment in...

Top Tax Official Says Maximum Personal Income Tax Should Be 25%

One of China's senior-most tax officials says that personal income taxes are too high, and that a ceiling of 25% should be set for...

Ministry of Finance Says China’s Tax Burden Will Fall by over 1tn Yuan in 2018

China's Ministry of Finance expects the country's tax and government fee burden to be reduced by in excess of 1 trillion yuan (approx. USD$160...

State Council Reforms Expected to Slash Tax Burden by 400 Billion Yuan

The State Council has just launched a new round of tax reforms that are expected to lighten China's tax burden by as much as...

State Council Proposes Merger of China’s Tax System

Analysts say that the Chinese government's plans to consolidate tax administration mark the biggest reform of the country's taxation system since the mid-1990's. The administrative...

Beijing Hopes Tax Incentives Will Encourage Chinese Companies to Go Abroad

The Chinese government is launching a raft of new tax incentives that are designed to support the overseas expansion of domestic enterprises and increase...

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Digital Renminbi to Integrate with Chinese Blockchain System “Chang’an Chain”

The People's Bank of China (PBOC) - being the Chinese central bank - plans to integrate the Digital Renminbi with a locally...

ByteDance Applies for Registration of “BytePay” Trademark

TikTok-owner ByteDance appears intent on expanding the range of online services and products it provides with its application to register aNOTHER payments-related...

China’s Banking Regulator Highlights Success of Risk Containment Efforts in 2020, Focal Points for Policy in 2021

The head of China's banking regulatory has touted the progress of effort to contain risk in the Chinese financial system, while also...

Shenzhen Launches China’s First Personal Bankruptcy System

The southern Chinese tech hub of Shenzhen has just launched China's first system for the application and processing of personal bankruptcies.