Thursday, April 15, 2021
Tags Chinese taxation

Tag: Chinese taxation

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...

State Council Unveils Policies to Spur Growth of Chinese Semi-conductor Industry via Tax Cuts

China's State Council has just released a raft of new policies for driving the growth of the domestic semi-conductor sector in the...

China Implements Nearly $105 Billion Yuan in Tax and Fee Cuts in First Quarter, Tax Revenues Drop 16.4% YoY

China has continued to dramatically reduce tax and administrative fee levels in the wake of the COVID-19 outbreak.

China’s Tax and Administrative Fee Cuts Exceeded 2 Trillion Yuan in 2019

The Chinese government has hailed its sizeable reduction in tax and administrative fees in 2019 as a significant driver of economic growth....

New Tax and Fee Reductions Total 893 Billion Yuan for First Five Months of 2019

China's latest round of levy cuts have resulted in tax and fee reductions exceeding 893 billion yuan since the start of 2019....

95% of Chinese Businesses to Benefit from 600B Yuan Inclusive Tax Cut

State media says new inclusive tax cuts launched by the central government that target small and micro-enterprises will reduce the tax burden...

China Merges Local and National Tax Offices Around the Country

Local and national tax offices around China have been merged together, as part of ongoing reforms of the Chinese taxation system. State media reports that...

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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

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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...