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China streamlines tax procedures to improve business climate

Abstract : China's taxation authorities on Monday announced a policy to simplify the declaration of multiple property and behavior taxes to improve the business climate.

BEIJING, May 31 (Xinhua) — China’s taxation authorities on Monday announced a policy to simplify the declaration of multiple property and behavior taxes to improve the business climate.

From Tuesday, when declaring 10 kinds of property and behavior taxes, taxpayers will no longer have to use separate tax declaration forms, but can declare multiple taxes on one form, said the State Taxation Administration.

The 10 kinds of property and behavior taxes include urban and township land-use tax, real-estate tax, vehicle and vessel tax, stamp tax, farmland-occupation tax, resource tax, land-appreciation tax, deed tax, environmental-protection tax and tobacco tax.

The reform is expected to improve efficiency in tax administration, and the tax authorities will continue to introduce new reforms on tax services to facilitate high-quality economic and social development, said Han Guorong, an official with the administration. Enditem

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China streamlines tax procedures to improve business climate

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