The State Administration of Taxation of China has issued the “Measures for the Administration of Tax Relief (Trial)†and will be implemented from October 1 this year. This approach unifies the management of reduction and tax exemption and solves the problem of China's lack of unified management standards in this field for a long time.
The State Administration of Taxation said today that the "Measures for the Administration of Tax Relief" will solve the problem of cumbersome procedures and unclear responsibilities in the examination and approval of tax reduction and exemption. It focuses on establishing a tax reduction management system with simplified approval procedures, clear approval standards, strong supervision, standardized behavior, coordinated operation, fair and transparent, clean and efficient.
The “Measures for the Administration of Tax Relief†divides the types of tax reduction and exemption into two types: filing and approval. Among them, the tax reduction and exemption of the record type, the taxpayer only need to declare the relevant information for filing, no longer need to approve at different levels.
The method also emphasizes that the tax authorities should conduct post-supervision inspections of the actual operations of enterprises. The annual annual review system for tax reduction and exemption, which was implemented in the past, was adjusted to be combined with tax inspection, law enforcement inspection or other special inspections. This has also strengthened the supervision of tax reduction and exemption while reducing the taxpayer's annual annual burden.
It is reported that for a long time, China's tax reduction and exemption management is only reflected in the specific provisions of the relevant taxes such as value-added tax, consumption tax, business tax, corporate income tax, personal income tax, etc., lacking unified management.
The authenticity of this information has not been confirmed by the international electrical network, for your reference only.
The State Administration of Taxation said today that the "Measures for the Administration of Tax Relief" will solve the problem of cumbersome procedures and unclear responsibilities in the examination and approval of tax reduction and exemption. It focuses on establishing a tax reduction management system with simplified approval procedures, clear approval standards, strong supervision, standardized behavior, coordinated operation, fair and transparent, clean and efficient.
The “Measures for the Administration of Tax Relief†divides the types of tax reduction and exemption into two types: filing and approval. Among them, the tax reduction and exemption of the record type, the taxpayer only need to declare the relevant information for filing, no longer need to approve at different levels.
The method also emphasizes that the tax authorities should conduct post-supervision inspections of the actual operations of enterprises. The annual annual review system for tax reduction and exemption, which was implemented in the past, was adjusted to be combined with tax inspection, law enforcement inspection or other special inspections. This has also strengthened the supervision of tax reduction and exemption while reducing the taxpayer's annual annual burden.
It is reported that for a long time, China's tax reduction and exemption management is only reflected in the specific provisions of the relevant taxes such as value-added tax, consumption tax, business tax, corporate income tax, personal income tax, etc., lacking unified management.
The authenticity of this information has not been confirmed by the international electrical network, for your reference only.
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