The proposed legislation gives provincial governments the power to set rates between 11% and 13%
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China has unveiled a draft law to merge three existing local levies into a unified surtax, a move designed to stabilize strained regional finances by granting provincial governments more autonomy.
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New rules target post-lockup bonus shares and scrap a 15% default cost deduction to ensure payment of capital gains tax
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The rules clarify how personal income tax applies at the establishment, operating and liquidation stages of offshore trust…
Ultra-long bonds, tax changes and tighter debt oversight anchor fiscal strategy as growth remains uneven
