On Nov. 6, after initial review at the 25th session of the 14th National People's Congress Standing Committee, China published the full draft amendment to the Tax Collection and Administration Law for public consultation. The draft comprises six chapters and 100 articles; versus the current law it adds 13 articles, deletes 7 and amends 75 while keeping the law's basic structure. The revision is targeted at implementing decisions of the CPC Central Committee and the State Council, adapting tax ad

On Nov. 6, after initial review at the 25th session of the 14th National People's Congress Standing Committee, China published the full draft amendment to the Tax Collection and Administration Law for public consultation. The draft comprises six chapters and 100 articles; versus the current law it adds 13 articles, deletes 7 and amends 75 while keeping the law's basic structure. The revision is targeted at implementing decisions of the CPC Central Committee and the State Council, adapting tax administration to the new economy and new business models, aligning with personal income tax and other tax reforms, consolidating tax-administration reform gains, strengthening state tax security and rule-of-law protections, and embedding taxpayers' legitimate-rights safeguards to create a fair, transparent and predictable environment for businesses, especially compliant taxpayers.