The Chinese leadership has signalled its intent to press ahead with tax reforms whilst maintaining a steady growth in revenues as it adjusts to membership of the World Trade Organisation, according to a meeting of the State Administration of Taxation (SAT) this week.
The establishment of a sound tax administration system is one of the basic requirements of WTO membership, and Wang Chengyao, a Finance Ministry official has indicated that the government intends to focus on reforming a broad range of taxes in the near future including corporate and industrial taxes, income tax, customs tax, property tax and agricultural taxes.
Wang also emphasised China's commitment to implementing uniform taxes for both domestic and foreign businesses as part of its membership of the global trade forum.
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