04 August 2023
The State Taxation Administration (“the authorities”) issued the “Notice in relation to the Development of Continuation and Optimization of Launching “Action of Facilitation Measures for Taxpayers” to Promote Private Business Economic Development in High Quality Services” (“the Measures”) on 4 August 2023. The authorities announced that on the basis of the four batches of “Action of Facilitation Measures for Taxpayers” measures launched in the first half of the year 2023, the authorities would focus on supporting the development of micro, small and medium sized enterprises and individual industrial and commercial households, implements a series of newly introduced tax reduction and fee reduction policies and further launch and optimize another batch of “Action of Facilitation Measures for Taxpayers” measures. This includes the formulation and issuance of a list of tax and fee preferential policies and relevant guidelines to support small and micro enterprise, and individual industrial and commercial households, continue to optimize value-added tax, corporate income tax, individual income tax and other tax pre-filling services. For details, please refer to the Measures.