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Forum helps unify global tax systems
Global taxation authorities are increasingly compelled to forge a unified consensus and leverage robust multilateral cooperation mechanisms to navigate the unprecedented regulatory complexities precipitated by the rapid proliferation of the digital economy and artificial intelligence, amid attempts ...
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The 7th BRITACOF Concludes with Six Key Outcomes
The three-day 7th Belt and Road Initiative Tax Administration Cooperation Forum (BRITACOF) successfully concluded in Jakarta, Indonesia, on 15 October. With “Smart Taxation, Shared Prosperity” as its theme, delegates had indepth discussions and exchanges on three core topics: Digitalization of Tax...
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The 7th Belt and Road Initiative Tax Administration Cooperation Forum Opens in Jakarta, Indonesia
On the morning of October 13, the 7th Belt and Road Initiative Tax Administration Cooperation Forum (BRITACOF) kicked off in Jakarta, the capital city of Indonesia, under the theme of “Smart Taxation, Shared Prosperity”. More than 300 delegates participated in the Forum, including heads of tax aut...
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Data: National Day holiday boosted spending on services and goods
The consumer market in China ran on strong momentum in services and goods consumption on the National Day holiday, according to value-added tax (VAT) invoice data from the state taxation administration (STA).
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China to cut NEV export tax rebate for high-quality auto industry growth
China announced on Monday that it will cut the value-added tax (VAT) export rebate rate for new energy vehicles (NEVs) to 9 percent from 13 percent starting April 1, 2027.
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Retailers strike gold over long holiday
Average daily sales revenue in China's services sector jumped 19.5 percent year-on-year during the National Day holiday, spurred by robust sales of consumer goods like home appliances and electronics, value-added tax invoice data released by the State Taxation Administration showed.
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Businesses' Sales Revenue in the first eight months highlighted by new invoice data
China’s enterprises’ sales revenue in the first 8 months is highlighted in four aspects, according to new invoice data released by the taxation authority.
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Latest tax data: China’s national market unified in steady progress
China’s efforts to build a unified national market continued to make steady progress in the first eight months of the year, with trade, logistics, information services, and advanced manufacturing flowing more freely across provincial borders, according to the latest invoice data from the State Taxa...
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High-tech sectors power tax revenue growth
China's tax revenue grew by 5.9 percent year-on-year in the first eight months, slightly outpacing the first-half economic expansion of 5.4 percent, underpinned by robust industrial sales, booming high-tech sectors and a strong capital market, latest data showed.
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China further refines VAT credit refund policy to better target key sectors
BEIJING, Sept. 29 -- China has further refined its value-added tax (VAT) credit refund policy to sharpen its focus on manufacturing, technological innovation and green development and make tax incentives more targeted. In the year since the measures took effect, 281.8 billion yuan (about 41.8 billio...
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Tax data reveals China's quick growth of new quality productive forces
China has gained sound momentum in cultivating new quality productive forces in the first eight months of 2026, with high-tech industries and AI-related sectors leading the way, the country's latest tax data released on Monday revealed.
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China's public budget revenue rises 5.7% in first 8 months
China's general public budget revenue rose 5.7 percent year-on-year to 15.66 trillion yuan ($2.33 trillion) in the first eight months of 2026, the Ministry of Finance said on Friday.
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China's tax revenue growth broadly in line with economic expansion
China's tax revenue rose 5.9 percent year on year in the first eight months of 2026, data from the State Taxation Administration showed on Sunday.
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China to tax foreign individuals' dividends from foreign-invested enterprises
BEIJING, Sept. 1 (Xinhua) -- China will impose a 20 percent individual income tax on dividends and bonuses that foreign individuals receive from foreign-invested enterprises starting September 1, according to a joint announcement from the Ministry of Finance and the State Taxation Administration.
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China taps AI for tax system modernization drive
China's tax authorities have rolled out 16 targeted measures to streamline tax and fee processing, leveraging cutting-edge AI technology as the core driver for the 13th consecutive "Spring Breeze Action to Facilitate Citizens' Handling of Tax Affairs", a spokesperson for the State Taxation Administr...
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