Tax deferrals support foreign business

Chinese tax authorities will further implement preferential tax policies, including deferring tax on foreign-funded enterprises' reinvestment of profits, to support the country's opening-up strategy and enhance the confidence of foreign investment in China, according to officials from the State Taxation Administration.

November 6, 2021

China's tax, fee cuts exceed 910 billion yuan in first 3 quarters

China slashed 910.1 billion yuan (about US$142 billion) in tax and fees in the first three quarters of 2021, helping reduce burdens for businesses, the State Taxation Administration said at a policy briefing Friday.

November 5, 2021

China's tax, fee cuts exceed 910 bln yuan in first three quarters

China's tax and fee cuts totaled 910.1 billion yuan (142.25 billion U.S. dollars) during the first three quarters of the year, according to data from the State Taxation Administration.

November 5, 2021