Core Insights - The "14th Five-Year Plan" period is expected to see a cumulative reduction in taxes and fees reaching 10.5 trillion yuan, with export tax refunds exceeding 9 trillion yuan [1][2] - The implementation of the VAT law and comprehensive revision of the tax collection law marks significant progress in tax reform and improvement of the business environment [1][2] Tax Reduction and Fee Exemption - A series of tax and fee reduction policies have been implemented focusing on supporting technological innovation and manufacturing, with a cumulative reduction of 9.9 trillion yuan from 2021 to mid-2023, projected to reach 10.5 trillion yuan by the end of the year [2] - Tax reductions benefiting the private economy amount to 7.2 trillion yuan, accounting for 72.9% of the total, while small and micro enterprises have received 6.3 trillion yuan, representing 64% of the total [2] - The number of individuals benefiting from personal income tax deductions increased by 55% to 119 million, with tax reductions rising from 116 billion yuan in 2020 to nearly 300 billion yuan, a growth of 156.5% [2] Green Tax System Development - The green tax system has been enhanced, generating 2.5 trillion yuan in revenue from environmental protection and resource taxes from 2021 to mid-2023, while tax incentives for green development have led to reductions of 1.5 trillion yuan [3] Legal Governance System Improvement - The tax governance system has been strengthened with the implementation of new regulations, including the management of digital invoices and tax information reporting for internet platform enterprises [4] - A total of 62,100 tax law violators were investigated, recovering 571 billion yuan in tax losses, with over 3.75 million A-level taxpayers identified in 2024, an increase of nearly 1 million since 2020 [4] Optimization of Tax Business Environment - The tax authority has simplified tax payment processes, reducing required documentation by 50% and paper submissions by over 25% [5] - The annual tax payment time for businesses has been reduced by 78.2%, ranking among the best globally [5] - The transition to digital invoicing has eliminated the need for 30 billion paper invoices annually, saving businesses over 100 billion yuan in costs [5][6]

Core Viewpoint - The press conference highlighted the achievements in tax reform and development during the "14th Five-Year Plan" period, showcasing significant progress in China's economic and social high-quality development [1] Group 1: Tax Revenue Growth - During the "14th Five-Year Plan" period, tax revenue is expected to exceed 155 trillion yuan, accounting for approximately 80% of total fiscal revenue [2] - Tax revenue, excluding export tax rebates, is projected to surpass 85 trillion yuan, an increase of 13 trillion yuan compared to the "13th Five-Year Plan" period [2] - The number of tax-related business entities has exceeded 100 million, reflecting strong market vitality and resilience [2] Group 2: Tax System Reform and Support for Livelihood - The number of individuals benefiting from personal income tax deductions has reached 119 million, a 55% increase since 2020, with tax reductions growing by 156.5% from 116 billion yuan to nearly 300 billion yuan [3] - Cumulative tax reductions and fee cuts are expected to exceed 10 trillion yuan by the end of this year, with an average annual increase of over 2 trillion yuan [4] Group 3: Improvement of Business Environment - The tax payment process has been simplified, with a 50% reduction in required documentation and over 97% of tax matters handled online [5][6] - The annual tax payment time for enterprises has been reduced by 78.2% compared to 2019, ranking among the top globally [6] Group 4: Legal Framework and Governance - The tax governance system has been strengthened, with the introduction of new tax laws and regulations, including the Value-Added Tax Law and the Internet Platform Enterprise Tax Information Reporting Regulations [7] - The tax authorities have investigated 62,100 cases of tax violations, recovering 571 billion yuan in lost tax revenue, enhancing public awareness of tax law compliance [7]

Group 1 - The core viewpoint of the news is that during the "14th Five-Year Plan" period, China's economy has shown stable growth, with tax revenue expected to exceed 155 trillion yuan, accounting for about 80% of total fiscal revenue [1] - Tax revenue is projected to surpass 85 trillion yuan, an increase of 13 trillion yuan compared to the "13th Five-Year Plan" period [1] - The financial foundation for economic and social development, as well as for improving people's livelihoods, has been continuously strengthened [1] Group 2 - The tax environment for businesses in China has improved significantly during the "14th Five-Year Plan" period, with measures implemented to simplify tax payment processes [3] - The tax authority has reduced the required tax filing materials by 50% and paper submissions by over 25%, with 97% of tax matters and 99% of tax declarations now manageable online or via mobile [3] - The World Bank's 2024 business environment assessment indicates that the time required for annual tax payments has been reduced by 78.2% compared to the last assessment in 2019, placing China among the top countries [3] Group 3 - A legal framework for tax governance has been continuously improved, with the introduction of laws for major taxes such as the value-added tax [4] - The tax authority has investigated 62,100 cases of tax violations, recovering 571 billion yuan in lost tax revenue, and has exposed over 1,500 typical tax-related cases [4] - There has been a notable increase in public awareness of tax laws and the importance of legal fairness [4] Group 4 - The innovation industry in China has been growing steadily, with sales revenue increasing by an average of 10.8% annually [7] - The three major economic regions—Beijing-Tianjin-Hebei, Yangtze River Delta, and Pearl River Delta—account for over 50% of national sales revenue, with their external sales growing faster than the overall rate [7] - The clean energy sector, including wind, solar, and hydropower, has seen an average annual sales revenue growth of 13.1%, increasing its share of total electricity sales from 30.3% to 33.8% [7] Group 5 - The tax authority has implemented measures to create a fair tax environment for high-quality economic development, focusing on tax legislation and system improvement [8] - The number of A-level taxpayers has exceeded 3.75 million in 2024, an increase of nearly 1 million since 2020 [8] - The tax authority has collaborated with financial regulators to provide credit loans totaling 11.3 trillion yuan to 36.21 million compliant taxpayers during the "14th Five-Year Plan" period [8]

Group 1 - The core viewpoint of the news is that the tax reform and development during the "14th Five-Year Plan" period have achieved positive results, showcasing significant accomplishments in China's high-quality economic and social development [1][3][4] Group 2 - The national financial foundation has further strengthened, with total tax and fee revenue expected to exceed 155 trillion yuan, accounting for about 80% of total fiscal revenue. Tax revenue (excluding export tax rebates) is projected to exceed 85 trillion yuan, an increase of 13 trillion yuan compared to the "13th Five-Year Plan" period [3] - The economic and social vitality has been enhanced, with cumulative tax reductions and fee cuts expected to reach 10.5 trillion yuan, and export tax rebates projected to exceed 9 trillion yuan. The number of tax-related business entities has surpassed 100 million, an increase of 30 million since 2020 [3][4] - The market business environment has been optimized, with the tax authority reducing 50% of tax filing materials and over 25% of paper submissions. Additionally, 97% of tax matters and 99% of tax declarations can be handled online or via mobile [5] Group 3 - The legal governance system has been further improved, with a robust tax governance system being established. Since the beginning of the "14th Five-Year Plan," the tax authority has investigated 62,100 illegal taxpayers, recovering 571 billion yuan in various tax losses [5]