China to extend tax, fee supports for enterprises
1 year, 2 months ago

China to extend tax, fee supports for enterprises

China Daily  

A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. BEIJING -- China will extend several preferential tax and fee policies to continue easing the burden on enterprises and support the development of businesses, the Ministry of Finance said Wednesday. China will continue to exempt registration fees for certain epidemic-prevention drugs and medical devices between Jan. 1, 2024, and Dec. 31, 2027, the ministry said. Preferential policies for heating suppliers will continue until the end of the heating season in 2027, and favorable policies for publication companies until Dec. 31, 2027, according to the ministry. Data from the ministry shows that China's tax revenue totaled some 11.32 trillion yuan during the January-August period, down 12.6 percent year on year.

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History of this topic

China's general public budget revenue sees accelerated growth in November
1 week ago

China's general public budget revenue sees accelerated growth in November

China Daily  

By Wang Keju | chinadaily.com.cn | Updated: 2024-12-17 19:53 China's general public budget revenue, which is the sum-up of tax revenue and nontax revenue, in November reached about 1.4 trillion yuan, representing an 11 percent year-on-year increase, according to a calculation by Huatai Securities based on the data from the Ministry of Finance. The country's tax revenue grew by 5.3 …

China's fiscal revenue up 5.5% in October
1 month ago

China's fiscal revenue up 5.5% in October

China Daily  

BEIJING -- China's fiscal revenue increased 5.5 percent year on year in October, data from the Ministry of Finance showed Monday. In the first ten months of the year, China's fiscal revenue dipped 1.3 percent year on year. In the first ten months, the central government collected about 8.25 trillion yuan in fiscal revenue, down 3.9 percent year on year, …

China's fiscal revenue up 5.5% in October
1 month ago

China's fiscal revenue up 5.5% in October

China Daily  

Xinhua | Updated: 2024-11-18 22:13 File photo shows a worker counts Chinese currency renminbi at a bank in Lianyungang, East China's Jiangsu province. BEIJING -- China's fiscal revenue increased 5.5 percent year on year in October, data from the Ministry of Finance showed Monday. In the first ten months of the year, China's fiscal revenue dipped 1.3 percent year on …

China's general public budget expenditure rises
3 months, 3 weeks ago

China's general public budget expenditure rises

China Daily  

A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. China's general public budget expenditure expanded 2.5 percent year-on-year in the first seven months of 2024 and is poised to maintain a steady growth trend over the coming months, the Ministry of Finance said on Monday. According to the ministry, the country's general public budget expenditure amounted to …

China's fiscal revenue down 2.6% in Jan-July
3 months, 4 weeks ago

China's fiscal revenue down 2.6% in Jan-July

China Daily  

File photo shows a worker counts Chinese currency renminbi at a bank in Lianyungang, East China's Jiangsu province. BEIJING -- China's fiscal revenue dipped 2.6 percent year-on-year in the first seven months of this year, official data showed Monday. A breakdown of the data showed the country's tax revenue decreased 5.4 percent from one year earlier, while its non-tax revenue …

Fiscal reform charts a new development path
4 months, 2 weeks ago

Fiscal reform charts a new development path

China Daily  

SHI YU/CHINA DAILY The resolution of the third plenary session of the 20th Central Committee of the Communist Party of China, held from July 15 to 18, said China will "deepen reform and advance Chinese modernization under the rule of law and ensure unity between reform and the rule of law". In this regard, China's financial policy has always been …

Fiscal reform charts a new development path
4 months, 2 weeks ago

Fiscal reform charts a new development path

China Daily  

SHI YU/CHINA DAILY The resolution of the third plenary session of the 20th Central Committee of the Communist Party of China, held from July 15 to 18, said China will "deepen reform and advance Chinese modernization under the rule of law and ensure unity between reform and the rule of law". In this regard, China's financial policy has always been …

Tax policy to better support economic recovery
8 months ago

Tax policy to better support economic recovery

China Daily  

The Inner Street Culture Creative Park is bustling with activity during the night market in Qingxiu district, Nanning city, Guangxi Zhuang autonomous region, on April 16, 2024. China's fiscal authorities will intensify efforts in areas like fully supporting sci-tech innovation and expanding domestic demand to further facilitate economic recovery, a senior official from the Ministry of Finance said on Monday …

Tax reliefs strengthen private sector
1 year ago

Tax reliefs strengthen private sector

China Daily  

High-rises dominate the skyline on both sides of the Huangpu River in Shanghai. Measures worth $170 billion stabilize corporate finances, boost innovation China's private enterprises are reaping many benefits from tax and fee reliefs. Tax and fee payment rebates, deductions or deferments were worth nearly 1.24 trillion yuan for private businesses in the first 10 months of this year. Jiao …

Businesses benefit from series of tax, fee cuts
1 year, 6 months ago

Businesses benefit from series of tax, fee cuts

China Daily  

Policies help firms weather the effects of COVID-19 With businesses in China rebounding from the effects of the COVID-19 pandemic since the start of this year, the nation's economic growth has accelerated. In January, figures released by the Ministry of Finance showed that tax and fee cuts, tax refunds and deferred payments last year totaled 4.2 trillion yuan, including 2.4 …

China extends, improves tax relief policies for businesses
1 year, 8 months ago

China extends, improves tax relief policies for businesses

China Daily  

BEIJING, March 27 -- China has extended and improved a raft of preferential tax and fee policies, according to multiple statements issued by the Ministry of Finance and the State Taxation Administration based on decisions made at a State Council meeting last week. For low-profit small enterprises, the portion of their annual taxable income that does not exceed 1 million …

Helping enterprises pull through the pandemic
2 years ago

Helping enterprises pull through the pandemic

China Daily  

With the reemergence of the novel coronavirus across the country, China's economy is under the triple pressure of demand contraction, supply shocks and weakening expectations. As government expenditure on epidemic prevention and control and public health has continuously increased, small and medium-sized enterprises, particularly those in the service industry, hope the government can help them pull through the pandemic. To …

Helping enterprises pull through the pandemic
2 years ago

Helping enterprises pull through the pandemic

China Daily  

With the reemergence of the novel coronavirus across the country, China's economy is under the triple pressure of demand contraction, supply shocks and weakening expectations. As government expenditure on epidemic prevention and control and public health has continuously increased, small and medium-sized enterprises, particularly those in the service industry, hope the government can help them pull through the pandemic. To …

上半年全国市场主体突破1.6亿户 发展态势呈V字反弹
2 years, 4 months ago

上半年全国市场主体突破1.6亿户 发展态势呈V字反弹

China Daily  

国家市场监督管理总局8月17日表示，截至6月底，全国登记在册市场主体1.61亿户，较2021年底增长4.4%，上半年市场主体发展呈现V字型走势。新增市场主体中，新经济新业态市场主体的加速发展，为推动高质量发展提供了新的动能。 Employees of Shandong Marine Group display a fish at an aquaculture base in Qingdao, Shandong province. China's top market regulator said on Wednesday that the number of newly established market entities, including companies and the self-employed, witnessed a V-shaped recovery in the first half, as market confidence from various businesses continued to get a boost despite ongoing COVID-19 resurgences …

上半年全国市场主体突破1.6亿户 发展态势呈V字反弹
2 years, 4 months ago

上半年全国市场主体突破1.6亿户 发展态势呈V字反弹

China Daily  

国家市场监督管理总局8月17日表示，截至6月底，全国登记在册市场主体1.61亿户，较2021年底增长4.4%，上半年市场主体发展呈现V字型走势。新增市场主体中，新经济新业态市场主体的加速发展，为推动高质量发展提供了新的动能。 Employees of Shandong Marine Group display a fish at an aquaculture base in Qingdao, Shandong province. China's top market regulator said on Wednesday that the number of newly established market entities, including companies and the self-employed, witnessed a V-shaped recovery in the first half, as market confidence from various businesses continued to get a boost despite ongoing COVID-19 resurgences …

Govt mulls over more fiscal support
2 years, 7 months ago

Govt mulls over more fiscal support

China Daily  

Proactive policies help hard-hit market players through large-scale tax refunds China is considering additional fiscal policy support while mounting an all-out effort to put existing measures into place, providing a strong buffer against downward pressures on the national economy, officials and experts said on Tuesday. They added that large-scale tax refunds have started to benefit hard-hit market players in the …

Shandong to scale up tax, fee cuts
2 years, 8 months ago

Shandong to scale up tax, fee cuts

China Daily  

Cargo is loaded and unloaded at the Qianwan container terminal in Qingdao, East China's Shandong province, on Jan 14, 2022. Shandong province will implement tax and fee cuts at a greater intensity to vitalize market players this year, local authorities said at a recent news conference. "According to preliminary estimates, the new tax rebates will exceed 90 billion yuan this …

Favorable tax and fee policies front-loaded to shore up enterprises
2 years, 9 months ago

Favorable tax and fee policies front-loaded to shore up enterprises

China Daily  

China has unveiled more than 20 tax and fee policy measures in support of market players since the beginning of the year. China has unveiled more than 20 tax and fee policy measures in support of market players since the beginning of the year in a bid to boost business growth quickly, the Ministry of Finance said on Wednesday. To …

Tax, fee cuts surpass 200b yuan in Zhejiang Jan-Sept
3 years, 1 month ago

Tax, fee cuts surpass 200b yuan in Zhejiang Jan-Sept

China Daily  

East China's Zhejiang province slashed taxes and fees by 204.25 billion yuan in the first nine months of this year, benefiting nearly 40 million enterprises, according to statistics recently released by the Zhejiang Provincial Department of Finance. The tax and fee cuts from January to September for the three industries totaled 92.06 billion yuan, 29.57 billion yuan and 25.99 billion …

Tax cuts support local enterprises in Quzhou
3 years, 2 months ago

Tax cuts support local enterprises in Quzhou

China Daily  

chinadaily.com.cn| Updated :2021-10-21 From the start of the year to date, China has reportedly increased the additional deduction rate for R&D expenses for manufacturers from 75 percent to 100 percent – a policy that is said to have boosted the confidence of businesses and made them more determined than ever to increase their R&D investment. Statistics showed that by the …

Shandong's fiscal revenue grows by 22.3% in Jan-July
3 years, 4 months ago

Shandong's fiscal revenue grows by 22.3% in Jan-July

China Daily  

From January to July this year, Shandong province's general public budget revenue reached 504.2 billion yuan, up 22.3 percent and 17.6 percent over the same period in 2020 and 2019 respectively, statistics from the Shandong Provincial Department of Finance showed. From January to July this year, the province's tax revenue reached 363.8 billion yuan, up 24 percent and 12.9 percent …

Shandong's fiscal revenue grows by 22.3% in Jan-July
3 years, 4 months ago

Shandong's fiscal revenue grows by 22.3% in Jan-July

China Daily  

From January to July this year, Shandong province's general public budget revenue reached 504.2 billion yuan, up 22.3 percent and 17.6 percent over the same period in 2020 and 2019 respectively, statistics from the Shandong Provincial Department of Finance showed. From January to July this year, the province's tax revenue reached 363.8 billion yuan, up 24 percent and 12.9 percent …

China to further cut corporate costs
3 years, 7 months ago

China to further cut corporate costs

China Daily  

China will further cut taxes and fees to boost the vitality of market entities, the country's top economic planner said on May 10. China will mobilize financial resources to support the real economy, reduce government-imposed transaction costs, and cut labor costs for firms, said a notice released by the National Development and Reform Commission and three other ministries. The country …

China to improve its fiscal policy quality
3 years, 11 months ago

China to improve its fiscal policy quality

China Daily  

A teller counts cash at a bank branch in Hangzhou, capital of East China's Zhejiang province. The government will normalize its implementation of the specified transfer payment mechanism to raise fiscal spending efficiency while "tightening the belt" to save money and enrich the people, said Liu. "We will increase the fiscal funds straightly channeled to the prefecture and county-level governments, …

Fiscal goals including tax, fee cuts set to be met
4 years, 4 months ago

Fiscal goals including tax, fee cuts set to be met

China Daily  

The government will be able to achieve its annual fiscal targets, according to its projection of steady economic recovery, cutting more than 2.5 trillion yuan in taxes and fees to support business and mitigate the impact of COVID-19, Finance Minister Liu Kun said in an interview with CCTV late on Thursday. The next stage of fiscal reforms will likely tackle …

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