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China offers 424 bln yuan in tax, fee relief in Q1 for innovation, manufacturing
BEIJING, May 19 (Xinhua) -- China's tax and fee cuts, as well as tax refunds supporting sci-tech innovation and manufacturing totaled 424.1 billion yuan (58.97 billion U.S. dollars) in the first quarter of 2025, the State Taxation Administration said Monday.
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China's inbound consumption rises on back of eased tax refund processes
China witnessed a vibrant surge in inbound tourist consumption during the recent May Day holiday as more foreign visitors flocked to Chinese attractions and left with full shopping bags, driven by the country's recently optimized tax refund policies.
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China's VAT invoice data reflects robust May Day holiday consumption
BEIJING, May 6 -- China's State Taxation Administration released value-added tax (VAT) invoice data on Tuesday, revealing robust consumer spending in the world's second-largest economy during the just-concluded May Day holiday.
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BRITACOM Council Meeting Convenes in Beijing to Strengthen Global Tax Cooperation
The BRITACOM Council Meeting was successfully held at the Belt and Road Initiative Tax Academy (BRITA) Beijing on 24-25 April 2025. Over the two days, senior tax officials from more than 20 jurisdictions, along with representatives from international organizations and academia, engaged in in-depth d...
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Tax refund policy refined to spur inbound spending
China has introduced a new policy that enables foreign visitors to claim departure tax refunds for purchases as low as 200 yuan ($27) per day at the same store, significantly reducing the previous threshold of 500 yuan.
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China refines departure tax refund policy to encourage inbound consumption
BEIJING - China unveiled a set of measures on Sunday to further optimize its departure tax refund policy to meet overseas tourists' needs better and expand inbound consumption.
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VAT data reflects progress in China's green development
Official data shows that China's green and low-carbon development has steadily progressed and yielded remarkable outcomes in the first quarter of 2025, contributing to the country's high-quality growth.
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Instant tax refunds give wings to China Travel
At a bustling department store in Guangzhou, south China, a Singaporean surnamed Lee picked up more than just premium Chinese tea for friends and family -- he also walked away with a tax refund, pocketed instantly at the point of purchase.
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Tax data reveals stable and high-quality growth of China's manufacturing sector in Q1
Sales revenue of China's manufacturing sector grew by 4.8% year-on-year, 0.9 percentage points higher than that in 2024, according to the latest VAT invoice data out of the first quarter of 2025?from the State Taxation Administration.
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China's tax data shows steady Q1 growth in manufacturing
China's manufacturing sector maintained steady growth in the first quarter of 2025, according to the latest value-added tax invoice data released by the State Taxation Administration.
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China's VAT data reflects notable strides in high-quality development
China's economy showed solid momentum in the first quarter of 2025, with tax data pointing to notable progress in high-quality development.
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China updates tax refund policy for foreign tourists
China has updated its tax refund policy for foreign tourists, shifting from a refund-upon-departure model to a refund-upon-purchase model, the State Taxation Administration (STA) said on Tuesday.
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China expands instant tax refund nationwide for overseas tourists
China will expand its instant tax refund for purchases by overseas tourists nationwide in a move to boost inbound travel and consumption, the State Taxation Administration said on Tuesday.
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STA Commissioner Talked with Denmark’s Counterpart
On March 19, Mr. Hu Jinglin, Commissioner of the State Taxation Administration, talked with his counterpart from Denmark in Beijing.
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Hu Jinglin met with Duysembiev Zhandos, Chairman of State Revenue Committee of the Republic of Kazakhstan
Commissioner of the STA, Hu Jinglin met with Duysembiev Zhandos, Chairman of State Revenue Committee of the Republic of Kazakhstan on March 17 in Beijing.
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