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China Tax & Investment News - 2023 China Macroeconomic and Tax Policy Outlook
China Tax & Investment News (CTIN) is a bilingual thought leadership prepared by EY’s China Tax Center team and distributed in PDF to all EY clients which have subscribed to EY email notifications. Different from China Tax & Investment Express (CTIE), which is a weekly quick briefing on multiple rules/regulations/polices officially issued in that period, CTIN – normally focusing on one ruling or one type of issues/industries each issue - provides more detailed interpretation and in-depth business implication analysis on significant policies as well as trends of development in tax and business related areas.
At the end of 2022, following the 20th CPC National Congress in October, China disclosed its priorities on economic policy for 2023 in a series of high-level meetings. A tone is set on China’s upcoming focus on a gradual and steady economic recovery in 2023. Domestic consumption is expected to be the main force to boost economy rebound. On the other hand, certain tax policies are likely to be introduced to support the enhancement of overall economy.
This issue of China Tax and Investment News will introduce the details of some key points and shares with you our observations.
For more information, please contact your usual EY contact or one of the EY’s China tax leaders in the list attached at the end of this tax alert.