China's tax refunds, as well as tax and fee cuts and deferrals, exceeded 4.2 trillion yuan (about 621.27 billion U.S. dollars) in 2022 amid the country's efforts to stabilize the macroeconomy, China's top tax authority said on Tuesday.

February01,2023

China will halve the purchase tax for eligible passenger vehicles and ease restrictions to spur auto sales and underpin consumption, authorities said.

June01,2022

China's top tax authority said the country's tax and fee cuts totaled over 1.5 trillion yuan (about 216 billion U.S. dollars) in the first half of the year.

August10,2020

Integrated circuit and software enterprises in south China's tech hub Shenzhen, Guangdong Province, enjoyed a total of 4.2 billion yuan (about 605 million U.S. dollars) in tax concessions in the first half of the year, according to the Shenzhen branch of the State Taxation Administration (STA).

August07,2020

The provincial government of east China's Jiangsu has released a slew of policies to reduce taxes and fees totaling nearly 75 billion yuan (about 10.7 billion U.S. dollars) for businesses affected by the novel coronavirus outbreak.

March04,2020

China's massive tax and fee cut measures saved enterprises and individuals nearly 1.97 trillion yuan (about 280.73 billion U.S. dollars) in the first 10 months of the year, an official said Wednesday.

December26,2019