State Administration of Taxation: We will urgently introduce the Implementation Regulations of the Value Added Tax Law by 2025
2025-01-17
Value added tax is the largest tax category in China. On December 25, 2024, the 13th Meeting of the Standing Committee of the 14th National People's Congress voted to pass the VAT Law. The reporter learned from the National Taxation Work Conference held from January 15th to 16th that the State Administration of Taxation will quickly introduce the implementation regulations of the Value Added Tax Law this year. The reporter learned that in 2025, the tax department will strengthen the implementation of structural tax reduction and fee reduction policies, allowing those who should enjoy the benefits to enjoy them quickly, and strictly crack down on fraudulent benefits; We will strictly adhere to the organization of tax and fee income in accordance with the law and regulations, and firmly hold the bottom line of not collecting "excessive taxes and fees". The tax department will promote the improvement of the tax system and the standardization of preferential policies, focusing on boosting consumption, expanding domestic demand, and developing new quality productivity. At the same time, we will actively promote the revision of the Tax Administration Law, optimize the quality standards of tax and fee data, and continuously improve the digital and intelligent level of tax and fee governance. In 2025, the tax department will continue to promote the "Spring Breeze Action for Convenient Taxation", improve the normalized communication and resolution mechanism for tax and fee service demands between tax enterprises, continuously optimize the cross-border tax services of "Tax Road Connection", and better support the development of various business entities. At the same time, we will further standardize and optimize tax law enforcement, guide tax related professional service agencies to practice in compliance, increase efforts to crack down on tax related violations, and regularly strengthen the exposure of typical cases. (New Society)
Edit:Rina Responsible editor:Lily
Source:xinhuanet
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