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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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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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