Personal income tax cuts reach 100 billion yuan in 3 months
By Wu Qiuyu
People's Daily app
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China’s personal income tax cuts have reached 100 billion yuan (around $14.78 billion) in three months after the first stage of the personal income tax reform started on October 1 last year, and more than 70 million taxpayers were exempted from paying taxes, according to the National Taxation Work Conference on Thursday.

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The National Taxation Work Conference held in Beijing on January 17, 2019. (Photo: State Taxation Administration)

China's overall tax in 2018, which excludes export tax rebates, reached 13.8 trillion yuan, an increase of 9.5 percent over the previous year. A total of 1.5 trillion yuan in export tax rebates, an increase of 9.7 percent over the previous year, has been handled around the country.

The national taxation system implemented the tax reduction policies issued by the CPC Central Committee and the State Council, and exceeded the annual tax reduction targets, effectively alleviating enterprises’ difficulties in production and operations. Last year, the VAT reform tax cut reached nearly 400 billion yuan. In addition, newly introduced tax incentives for innovation and entrepreneurship are about 50 billion yuan.

The national tax system implemented the tax cut policy last year and tax growth declined from 16.8 percent in the previous four months to 5.2 percent in the last eight months. The number of taxpayers’ complaints fell by 11 percent, said Wang Jun, general secretary and director of China's State Taxation Administration.

The results of the taxpayer satisfaction survey conducted by third-party organizations showed that the taxpayer satisfaction score was 84.82 points in 2018, 1.21 points higher than the previous survey.

Doing Business 2019 released by the World Bank showed that the rank of China’s taxation indicators has increased by 16 places from the previous year.

(Compiled by Zhang Jian)