Wednesday, January 20, 2021
Tags Chinese taxes

Tag: Chinese taxes

China’s Nationwide Tax and Fee Cuts Total 1.8773 Trillion Yuan for Jan – Aug 2020

Official data points to sizeable reductions in taxes and administrative fees in China since the start of 2020 as part of ongoing...

China’s Tax Chief Says Cuts Will “Spur Vitality of Market Actors”

The head of China's tax department has highlighted the ability of reductions to taxes and administrative fees to help spur economic activity...

China’s Tax and Administrative Fee Cuts Exceed 2.3 Trillion Yuan in 2019

The Chinese central government is touting the scale of its cuts to taxes and administrative fees in 2019.

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...

2019 Tax and Fee Cuts in China Expected to Exceed 1.5 Trillion Yuan

Domestic analysts expect the pursuit of more active fiscal policy by Beijing to lead to over 1.5 trillion yuan in tax cuts in 2019. Shi...

China Could Cut Taxes by 5 Trillion Yuan over 5 Years, Enterprise Income Tax Set to Fall to 20%: State Media

Chinese state media has pointed to the possibility of as much as five trillion yuan in tax cuts over the next five years as...

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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...

China’s Loan Prime Rate Unchanged for Nine Straight Months in January

Chi­na’s loan prime rate (LPR) has re­mained un­changed for the ninth consecutive month in January 2021.

China’s Financial Sector Saw Added Value Gain of 7% in 2020 to Hit USD$1.3 Trillion

The Chinese financial sector saw a sizeable improvement in its performance in 2020 despite the adverse economic impacts of the COVID-19 pandemic....