STA:The tax business environment of China continue to improved

The secretariat of the Belt and Road Initiative Tax Administration Cooperation Mechanism (BRITACʘM) recently released a Research Report on the Reform and Development of China's Tax Business Environment (2016-2020) (hereinafter referred to as the Report). The Report focuses on the reform and development of China's tax business environment, from the rule of law in taxation, streamline administration and convenience for the people, tax and fee reduction, and optimizing services, opening up and sharing. The Report introduced China's practices and achievements in optimizing the tax business environment in a comprehensive and systematic way. 

In recent years, China's tax authorities have fully implemented to optimize the business environment. From 2016 to 2020, the scale of new tax and fee reduction nationwide exceeded 7.6 trillion yuan, and the dividends of tax and fee reduction policies continued to be released. 

The Report pointed out that China has further promoted the integration of a country ruled by law, a government ruled by law, a society ruled by law, and tax legislation has entered a "fast track". From 2016 to 2020, 8 tax regulations were revised and upgraded to law. China's tax authorities adhere to the legal principle of taxation, constantly improve the tax rule of law system, consolidate the foundation of the rule of law, and more standardized tax law enforcement, providing a solid guarantee for building a legal tax business environment. 

The Report shows that China's tax authorities have taken a series of measures to streamline administration and convenience the people, such as canceling tax examination and approval matters, streamlining the submission of tax-related materials, and strengthening efficient cooperation between departments, to maximize market vitality. From 2016 to 2020, tax administrative examination and approval matters were reduced by 93%, taxpayer tax return materials were reduced by 50%, annual tax payment time was reduced by more than 57.5%, export tax refund time was reduced to 8 working days, and the sense of gain and satisfaction of market entities continued to increase. 

The Report pointed out that China's tax authorities are deeply involved in the global tax governance, continue to improve international tax cooperation, promote the establishment of the BRITACʘM and BRICs tax cooperation mechanism, actively participate in the international tax information exchange mechanism, and promote the construction of an international tax business environment. From 2016 to 2020, China's tax authorities held 500 bilateral consultations with the tax authorities of relevant countries (regions) to eliminate double taxation of 152 billion yuan for cross-border enterprises. 

The Report proposes that China's tax authorities will further optimize law enforcement methods, empower tax governance by digital means, improve tax services with intelligent technology, build a development pattern with a coordinated mechanism, and optimize the tax business environment in accordance with the Opinions on Further Deepening the Reform of Tax Collection and Administration issued by the Chinese government in March this year.

Source:http://www.chinatax.gov.cn

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