Tax administration reform over the next five years
Following high-level announcements at the March meetings of the Chinese legislature (the 'Two Sessions') the Chinese government has been issuing a series of notices on the details of various tax reforms over the next five years.
Tax administration reform is high on the agenda, with milestones set for each of the years up to 2025, in particular:
New systems to leverage vast quantities of taxpayer data to provide tailored and customised tax services to individual taxpayers, in the place of the existing undifferentiated services;
Steps to enable all corporate and individual tax matters to be dealt with online, reducing the number and frequency of tax payments by integrating several taxes into single filings;