Home China Briefing China Travel China Market China Business China Economy China Culture China Directory
| China Summary | China History | Chinese Language | China Eating | Chinese Medicine | China Administrative Division | China Agriculture | China Finance and Taxation | China Foreign Relations | China Industry | China Physical Geography | China Political System | China Population | China Transport |  
You are here: China Window > China Briefing > China Finance and Taxation > Taxation
China Window is always on the lookout for well-written China topic articles: Submit your China topic article



Before the reform and opening, China exercised a single taxation system. Because taxation had no connection with the economic activities of enterprises, this system lacked vitality. In 1981, the Chinese government began to collect income tax from Sino-foreign joint ventures and solely foreign-funded enterprises, taking the first step in taxation system reform. From 1983 to 1984, the reform consisting of the replacement of profits by taxes was carried out in domestic enterprises, and a foreign-related taxation system was set up. As a result, instead of a single tax category, a compound taxation system in which turnover and income taxes were the mainstay and other tax categories were in coordination with it was initially in place and promoted the control of finances and the economy. In 1994, the reform of the taxation system was deepened, and a complete structural adjustment of the taxation system was made by taking the market economy as the norm. In 1996, China lowered the rate of Customs duties and export drawback, and exercised import supervision.


About Us | Contact Us | Link To Us | Recommend Us | Partner With Us | Advertise With Us
Link Policy | Terms of Use | Privacy Policy | Article Policy | Advertising Terms
Site Map
Copyright 1994-2011 China Window. All rights reserved.
2Checkout.com, Inc. is an authorized retailer of China Window

powered by Big Mediumi