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    "Value-Added Tax Plus Consumption Tax As A Supplement" Is Expected To Be Included In The Tax Reform Focus.

    2011/4/8 8:54:00 56

    VAT Tax Reform Consumption Tax

    Personal income tax, value-added tax, consumption tax, resource tax,

    Property tax

    It has been incorporated into China in 2011.

    Tax system reform

    Emphasis.

    The reform idea based on the general levy of value-added tax has been incorporated into the focus of the 12th Five-Year tax system reform.


    Reporters learned from authoritative sources yesterday that the optimization of tax structure during the "12th Five-Year" period has been included in the focus of reform.


    The source said that the reform will effectively promote the adjustment of the economic structure and the adjustment of income distribution.

    The main idea of the reform is to expand the scope of VAT collection, reduce business tax accordingly, and reasonably adjust the scope of the consumption tax and the allocation of tax structure.


    At the end of November 2010, Xiao Jie, director general of the State Administration of Taxation, published an article on the reform of the tax system during the "12th Five-Year" period, saying that based on the principle of universal taxation and special regulation, we should focus on expanding the scope of VAT collection and improving the consumption tax.

    Goods and services tax system


    "According to the currently determined ideas, China will gradually establish a tax system based on the general levy of value-added tax, supplemented by individual regulation of consumption tax."

    These people said.


    For the promotion of fiscal and taxation reform this year, Xie Xuren, Minister of finance, revealed several major points during the two sessions this year, including: Deepening the reform of the tax system, implementing the pilot scheme of value-added tax reform in some producer services areas in accordance with the five year master plan, and at the same time reducing business tax accordingly, gradually solving the problem of disunity in the tax policy of goods and services from the system, and further improving the personal income tax system.


    The "12th Five-Year plan" outline also proposes to expand the scope of VAT collection, and to reduce business tax and other taxes accordingly.

    We should rationally adjust the scope of consumption tax, the structure of tax rates and taxing links.


     
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