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China's VAT data shows growing spending on equipment renewals by firms
China's State Taxation Administration on Thursday released value-added tax (VAT) invoice data, which reveals growth in firms' spending on equipment renewals and rising sales of home appliances in the first three quarters of this year.
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China's manufacturing sector sales revenue grows 4.7 pct in first 9 months
hina's manufacturing sector saw 4.7 percent year-on-year growth in sales revenue during the first three quarters of 2025, accounting for 29.8 percent of total corporate sales revenue, official data showed on Wednesday.
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China's tax data shows stronger corporate revenue growth in first 3 quarters
BEIJING, Oct. 14 -- China's corporate sales revenue has maintained a steady upward trajectory this year, underscoring continued signs of resilience in the wider economy, according to the latest tax data.
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China introduces tax incentives to strengthen financial sustainability of social security system
China's Ministry of Finance and the State Taxation Administration issued a notice on Tuesday outlining new tax support measures targeting state assets transferred to supplement the country's social security funds, as part of broader efforts to strengthen the financial sustainability of China's socia...
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The 6th BRITACOF Concludes with Eight Key Outcomes
The three-day 6th Belt and Road Initiative Tax Administration Cooperation Forum successfully concluded in Kathmandu, Nepal, on 11 September. With “Shared Progress in Taxpayer Service for a Better Business Environment” as the theme of this BRITACOF, delegates have had in-depth discussions and excha...
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The 6th BRITACOF Opens in Kathmandu, Nepal on 9 September 2025
In the morning of 9 September 2025, the 6th Belt and Road Initiative Tax Administration Cooperation Forum (BRITACOF) commenced in Kathmandu, Nepal. Around 400 delegates participated in the Forum, including heads and deputy heads of tax authorities from 45 jurisdictions, as well as representatives an...
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China expands departure tax refund policy to Jilin Province
China will roll out its departure tax refund policy in Jilin Province from Sept. 1, the Ministry of Finance said on Wednesday.
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China exempts childcare subsidies from individual income tax
China will exempt childcare subsidies from individual income tax effective from Jan. 1, 2025, according to a notice released by the Ministry of Finance and the State Taxation Administration on Wednesday.
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China's VAT data reflects growth in enterprise purchases, consumer spending
China's State Taxation Administration on Friday released value-added tax (VAT) invoice data for the period from April 2024 to July 2025, which reveals that the equipment-renewal program and consumer goods trade-ins have played an active role in facilitating industrial upgrading and transformation, b...
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China clarifies tax incentives for foreign investors reinvesting dividends
China's State Taxation Administration (STA) has released detailed implementation rules for foreign investors claiming tax credits on reinvested dividends, providing operational guidelines for preferential tax treatment under a recently released policy.
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China Focus: China's tax data offers snapshot of economic achievements in 2021-2025
China's economy has made remarkable strides during the 14th Five-Year Plan period (2021-2025), with steady industrial upgrades and continued opening up, according to data from the State Taxation Administration (STA).
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China's silver economy sees rapid growth in H1, tax data shows
China's silver economy has seen robust growth in the first half of this year, with related industries recording significant revenue increases, value-added tax invoice data released Wednesday by the State Taxation Administration revealed.
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China's structural tax, fee reductions benefit high-tech, advanced manufacturing firms
BEIJING, July 4 -- China's structural tax and fee reduction policies have injected fresh momentum into the high-quality development of firms engaged in technological innovation and advanced manufacturing, the latest data has shown.
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China rolls out 10% tax credit for foreign investors reinvesting dividends
China's finance, taxation, and commerce authorities on Monday unveiled a tax incentive granting foreign investors a 10 percent corporate income tax credit on direct domestic investments funded by dividends from Chinese resident companies.
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New tax rules for internet platforms
The State Council, China's Cabinet, unveiled a new regulation mandating internet platform companies to regularly report tax-related information of businesses and workers operating on their platforms, in a move to ensure a level playing field for the development of the digital economy.
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