BEIJING, Jan. 15 (Xinhua) -- China’s taxation authorities have continuously optimized the tax business environment in the country since 2018, in a bid to attract more foreign investment and help Chinese enterprises to go global.
According to the statistics, China has negotiated or revised negotiation with Gabon, Congo (Brazzaville), Angola, Argentina, Spain, Russia and other countries on tax agreements respectively since 2018, and signed tax treaty with Gabon, Congo (Brazzaville), Angola, Argentina, Spain, India and Chile respectively.
So far, China has inked agreements on avoiding double taxation (including taxation arrangements between the Chinese Mainland and Hong Kong and Macao, as well as tax treaties between the Chinese mainland and Taiwan) with 111 countries and regions in the world, including 54 countries along the Belt and Road routes.
These agreements will reduce the tax burden of the host country for cross-border investment operations, help promote investment, technology and personnel exchanges between the two sides, and create a fair and good tax environment.
In 2018, China conducted bilateral negotiation with 11 countries, such as the United States, Germany, Japan, the Republic of Korea, India, Denmark, and Israel. A total of 167 deals were involved in the negotiation, avoiding international double taxation of about 3.6 billion yuan for taxpayers. (Edited by Ma Xin, maxin11@ xinhua.org )
A single purchase
