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In the first half of this year, 1.91 trillion yuan has been accounted for tax reductions, fee cuts, and refunds from supporting policies of technological innovation and manufacturing development. This includes 659.60 billion yuan from incentive policies such as additional deduction for R&D expenses ...
China's economy has maintained sound momentum since the start of this year, according to tax big data. It can be summed up in four prominent features: consolidation of the real economy, innovation-driven growth, high-quality and efficiency improvement, and green development.
The number of active business entities, which have completed tax-related formalities and maintained normal operations, registered a year-on-year increase of 20.2% in the first months, and the number of tax-reporting entities grew by 10%, according to a press conference held by the State Council Info...
Preferential tax policies benefiting people's livelihoods in a range from elderly care to healthcare, education, and employment recorded a year-on-year increase of 11.8% in tax reductions and exemptions in the first half of the year, according to tax data released at a press conference held by the S...
China's tax revenue rose 4.9 percent from a year earlier to more than 10 trillion yuan (about 1.47 trillion U.S. dollars) in the first half of 2026, supported by an improving economy and a recovery in factory-gate prices, tax authorities revealed Tuesday.
China's State Taxation Administration has introduced new measures to make departure tax refund services more digital and convenient for overseas visitors, according to a recent notice.
China's industrial enterprises have posted steady growth in sales revenue in the first five months of this year, with firms in high-tech and emerging sectors performing particularly well, according to official tax invoice data released Tuesday.
China's market entities continued to demonstrate improving tax and social security payment credit performance in 2026, with the number of creditworthy businesses steadily increasing and more companies actively repairing their credit records, said the State Taxation Administration.
Attention, please! Good news to anyone who plan to visit China!
China focuses on further improving departure tax refund policies and bolstering inbound consumption in a statement released by six departments on May 18, rolling out new measures such as expanding tax-refund stores and random inspections on smaller claims.
China has rolled out an upgraded nationwide departure tax refund policy aimed at making shopping easier for foreign visitors and converting rising inbound tourism into a new driver of domestic consumption.
Eight measures were announced on departure tax refunding policies to enhance the experience of foreign tourists, such as expanding coverage of tax-refund stores, adopting random spot checks on low-value refund applications, and upgrading instant tax refund services, according to a joint statement is...
China's instant tax refunding service for overseas visitors, launched in April 2025, has significantly boosted inbound consumption with the rapid growth of business volume. Over the past year, the number of travelers applying for instant tax refunding service jumped 12.96-fold, while both tax-refund...
Mr. Hu Jinglin, Commissioner of the State Taxation Administration of the People's Republic of China, met with Mr. Daniil Egorov, Head of the Federal Tax Service of the Russian Federation, in Beijing on April 21, 2026.
In China, driven by tax and fee incentives policies and other supporting policies, technology innovation has advanced faster in its integration with innovations in industries, and new quality productive forces also took a leap in development.