As a most important source of fiscal revenue of China's Government, tax is a key economic player of macro-economic regulation, and produces great impact on China's economic and social development. With the progress made since the 1994 tax reform, China has preliminarily set up a streamlined tax system geared to the socialist market economy. It has been playing an important role in ensuring revenue, deepening reform, broadening the opening up to the outside world and promoting the rapid, sustained and healthy development of China's national economy.

 There are 26 taxes in China, which can be classified into 7 categories:

 ·Turnover taxes, including Value-added Tax, Excise Tax, Business Tax and Customs Duty.

 ·Income taxes, including Enterprise Income Tax for domestic enterprises, Income Tax on Enterprises with Foreign Investment and Foreign Enterprises and Individual Income Tax.

 ·Resource taxes, including Resource Tax and Urban and Township Land Use Tax.

 ·Property taxes, including House Property Tax and Urban Real Estate Tax.

 ·Taxes for special purposes, including City Maintenance and Construction Tax, Fixed Assets Investment Orientation Tax, Land Appreciation Tax and Vehicle Acquisition Tax.

 ·Behavior taxes, including Vehicle and Vessel Usage Tax, Vehicle and Vessel Usage Plate Tax, Vessel Tonnage Tax, Stamp Duty, Deed Tax, Slaughter Tax and Banquet Tax.

 ·Agricultural taxes, including Agriculture Tax, Agricultural Specialty Tax, Animal Husbandry Tax, and Farmland Occupation Tax.