On July 31st, Vice Minister of Finance Wang Dongwei said at a press conference of the State Council Information Office today that considering the promotion of consumption tax collection will be moved back and steadily divided into local areas, taking into account the division of central and local income, tax collection and management capabilities and other factors, sub-items and step-by-step implementation, expand local income sources, and guide local areas to improve the consumption environment...
According to the article, in recent years, the consumption tax reform direction of "moving back the consumption tax collection link and steadily delineating local areas" has been confirmed by the Ministry of Finance many times, and it is also highly anticipated by the market. The interviewed experts pointed out to reporters that under the current economic situation, consumption tax should become the "vanguard" of the new round of local tax system reform, expand local income sources, and guide lo...