China adds over 2.2 trillion yuan in tax and fee cuts, refunds, deferrals in 2023

China's newly implemented tax refunds, as well as tax and fee cuts and deferrals, exceeded 2.2 trillion yuan (US$309.1 billion) in 2023, according to Rao Lixin, deputy commissioner of the State Taxation Administration. This has helped buoy market expectations and improve market confidence and vitality, he said at a press conference Thursday.

January 19, 2024

Tax and fee cuts bolster companies' R&D, innovations

Tax deductions extended to companies' research and development expenses rose significantly, said the State Taxation Administration on Thursday.

January 19, 2024

China ups tax, fee supports to boost market vitality in 2023

China stepped up tax and fee reductions for businesses to boost market vitality last year, official data showed Thursday.

January 18, 2024