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.