China published a tax reform plan

Date: 12:35, 23-07-2018.

Beijing. Jul 23. Silkroadnews - Chinese authorities have published a plan to reform national and local taxation to create a more efficient, unified tax collection system, China Plus reports.
The plan, released by the General Office of the CPC Central Committee and the State Council’s General Office, details the main tasks and principles of the reform.
“China will integrate the national and local taxation offices at and below the provincial level to enable the taxation system to better play its supportive role in state governance,” it reads.
“More efforts will be made to ease collection procedures for taxes and fees, lower collection cost and improve business environment.”
The functions of tax agencies will be optimized, and the allocation of resources will be improved to increase the transparency and consistency of tax policy.
After the integration of national and local tax administrations, different responsibilities will be established for tax and government agencies.
Starting from January 1, 2019, China will transfer the duty to collect social payments, including basic pension and medical insurance, to the tax authorities.
According to the State Administration of Taxation, for the first six months of the year, 8.2 trillion yuan ($1.2 trillion) have been collected, excluding export tax rebates, which is 15.3% more year on year than last year.

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