Finance & Accounting

Tax data serves as a crucial economic indicator, providing real-time insights into business activity, investment patterns, and consumer behavior. 2025 Q1 tax figures from China reveal several noteworthy economic trends, underscoring the country’s progress in high-tech innovation, green energy transformation, and service consumption growth. The data also highlights significant advancements in tax-related reforms, improving both […]

The Chinese government has introduced significant revisions to the Regulations on Guaranteeing Payment of Funds to Small and Medium-Sized Enterprises (SMEs), aimed at addressing long-standing challenges related to delayed payments. Effective June 1, 2025, these changes reflect China’s commitment to fostering a fairer business environment, improving cash flow for SMEs, and enhancing financial discipline among large enterprises and government entities.

As China navigates a complex global economic environment, its 2025 fiscal policy has taken on a more proactive and strategic role in ensuring both short-term recovery and long-term growth. With rising uncertainties in global trade, investment, and market conditions, the latest Government Work Report introduces a more active fiscal policy, aimed at stimulating demand, supporting key industries, and strengthening public services.

In a move aimed at enhancing the development of cross-border e-commerce, the State Administration of Taxation (SAT) has announced new regulations designed to streamline the export tax refund process …