On Monday, the State Council Information Office (SCIO) held a press conference to review tax reform milestones and development achievements on the Chinese mainland during the 14th Five-Year Plan period (2021–2025).
Officials highlighted how policy fine-tuning and digital innovation have reshaped the tax landscape:
- Digital Filing: A streamlined online platform now handles millions of annual filings, cutting processing times and boosting efficiency.
- Support for SMEs: Targeted tax cuts and simplified procedures have provided relief to small and micro businesses, a key driver of job creation.
- Green Incentives: New tax breaks encourage investments in renewable energy, electric vehicles, and sustainable projects.
- Simplified Procedures: Consolidated forms and unified guidelines have reduced administrative hassles for taxpayers across regions.
According to SCIO, these measures have lowered the overall tax burden, improved fiscal resilience, and supported economic growth amid global uncertainties. Looking ahead, authorities plan to refine digital services, deepen cross-regional cooperation, and explore new incentives to align tax policy with industry innovation—ensuring the Chinese mainland remains agile and competitive.
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SCIO holds presser on China's tax reform during 14th FYP period
cgtn.com
