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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...
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.
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).
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.
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.
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.
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.
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.
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.
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.
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...
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.
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.
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.
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.