STA: 9.7 million new tax-related market entities in Q1-Q3,2021

Data released by the State Taxation Administration shows that the new tax-related market entities in the first three quarters reached 9.7 million, an increase of 16.1% and 24.8% respectively compared with the same period in 2020 and 2019, and an average increase of 11.7% in two years. 
New tax-related market entities are the market entities that go to the tax department for the first time to handle tax-related matters after registration. The data shows that in the first three quarters, although the growth rate of new tax-related market entities increased slightly due to the impact of the epidemic, complex domestic and foreign situations, it still showed the characteristics of increased in number, optimized in structure and expanded in employment capacity, indicating that China's economy remained strong resilience. 
Increased in Number. In the first three quarters, the number of new tax-related market entities reached 9.7 million. Among them, those who are active in receiving accept invoices and handling tax declarations, with a total of 7.9 million new tax-related market entities, accounting for 81.4%. This reflects that the new tax-related market entities are active. 
Optimized in structure. In the first three quarters, the proportion of new tax-related market entities in modern service industries such as information technology service industry, scientific research and technology service industry accounted for 5.6% and 6.2% respectively, an increase of 1.9 and 0.8 percentage points respectively over the same period in 2020. 
Expanded in employment capacity. The employment capacity has been expanded. In the first three quarters, the new tax-related market entities provided 31 million jobs (including new employment and the transfer of existing employees), an increase of 25.1% over the same period in 2020.

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

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