China Tax & Investment Express Issue No. 2021016 - Matters related to simplifying and consolidating tax filings

China Tax & Investment Express (CTIE) brings you the latest tax and business announcements on a weekly basis. We selected some comparatively key announcements to provide for a synopsis and we also provide a link that leads you to the full content of each latest announcement (in Chinese).

Matters covered in this issue include: Public notice (PN) regarding matters related to simplifying and consolidating tax filings; Notice regarding the import-level tax policies for supporting technology innovation during the 14th Five-Year Plan period; Decisions on the abolishment of three tax related regulations; 2021 Legislative Work Plan of the Standing Committee of the National People’s Congress; Approval on the comprehensive pilot program for expanding the opening-up of service industries in Tianjin, Shanghai, Hainan and Chongqing; Notice regarding the “Overall Plan of Tianjin for the Comprehensive Pilot Program for Expanding the Opening-up of Service Industries”; Notice regarding the “Overall Plan of Shanghai for the Comprehensive Pilot Program for Expanding the Opening-up of Service Industries”; Notice regarding the “Overall Plan of Hainan for the Comprehensive Pilot Program for Expanding the Opening-up of Service Industries”; Notice regarding the “Overall Plan of Chongqing for the Comprehensive Pilot Program for Expanding the Opening-up of Service Industries”; and Notice regarding public opinion consultation on the “Notice Issued by State Administration for Market Regulation and STA Regarding Further Improving the Simplified De-registration and Facilitating the Market Exit of Medium, Small and Micro-sized Enterprises (Discussion Draft)”.

Please feel free to contact your EY client service professionals for further assistance if you find the announcements have an impact on your business operations.

Download this Tax Alert