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China will deepen the reform of tax collection and management to
better serve market entities, according to a guideline issued by the
general offices of the Communist Party of China Central Committee and
the State Council. By 2022, the country aims to make significant progress in the
standardization of tax law enforcement, the convenience of tax and fee
services, and the accuracy of tax supervision, while basically building a
powerful, smart taxation system by 2025, says the document. Toward this end, the guideline urges efforts to promote the
digitalization of tax collection and management, advance the reform of
electronic invoices and strengthen big-data sharing in tax collection. By 2025, China expects to see the deep integration of tax law
enforcement, services and regulation, along with intelligent big-data
applications and the universal use of electronic invoices. The country will explore the application of blockchain technology in
areas such as the collection of social insurance premiums, real-estate
transactions and the registration of immovable properties, while
expanding its use in information sharing related to tax and fees, it
says. Work will be conducted to improve tax law-enforcement and tax
collection services, according to the document. By 2023, tax and fee
payers in China will be able to enjoy automatic data collection,
calculation and filing services, and confirm and submit all taxation
information online. The document also calls for accurate tax supervision and joint
efforts to ensure better tax administration, by enhancing cooperation
between government departments and social sectors, as well as boosting
judicial protection and cross-border collaboration. Enditem
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