Administrative Approval Procedures Streamlined for Mainland Taxpayers
19 November 2019
China’s State Taxation Administration has announced a number of measures designed to streamline the national tax administrative permission approval procedures.
Set to become effective as of 1 December this year, the measures include:
Reduced Processing Time
- Whenever possible, decisions on a range of tax-related issues will be made within 10 days of the initial submission. Among the procedures eligible for this entitlement are applications for deferred declarations, queries related to VAT claims and enquiries as to how enterprise income tax advance payments should be calculated in instances where there are no prior profits that can provide a baseline
Simplification of Application Procedures
- Designating a formal legal representative as the individual with overall corporate responsibility, as well as providing their contact details, is no longer a requirement when completing a Tax Administrative Permission Application Form
Lowering the Statutory Information Threshold
- When looking to defer a tax payment, applicants are no longer required to supply the relevant tax office with information related to projected expenditure. Instead, all such information, including the rationale behind requesting such a deferment, should be detailed on the Tax Administrative Permission Application Form
Full details of the changes can be found in Announcement No.33 (2019), as recently issued by the State Taxation Administration.
Source: State Taxation Administration
- Mainland China