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Real-time News
On July 28, Hu Jinglin, Director of the State Taxation Administration, stated at a press conference on the theme of "Starting the 15th Five-Year Plan" that since the beginning of this year, the tax authorities have resolutely rectified the "invoicing economy" and tax-related issues in illegal investment promotion, and have intensified their efforts to serve the construction of a unified national market. While eliminating "water" in invoicing, they have also promoted the repeal or amendment of 833 tax-related documents or agreement clauses in illegal investment promotion in various provinces and cities, and facilitated the relocation of nearly 160,000 enterprises that were registered in other locations to enjoy some irregular subsidies and other reasons back to their actual operating locations. Moreover, the tax payments of these enterprises after relocation increased by 16% year-on-year in the first half of this year.On July 28th, Futures News reported that the "Ecological Environment Code of the Peoples Republic of China" will officially come into effect on August 15, 2026. As my countrys second code and the worlds first national-level ecological environment code, it integrates more than ten scattered environmental protection laws, unifies enforcement standards, significantly increases penalties for environmental violations, implements a dual-penalty system, and addresses shortcomings in the supervision of livestock pollution at its source. The official implementation of the "Ecological Environment Code of the Peoples Republic of China" marks a milestone in the domestic ecological environment protection legal system. For the livestock and aquaculture industries, the integration and unification of scattered environmental regulations, the elevation of livestock pollution control to the code level, and the tightening of regulatory standards and legal responsibilities mark a significant shift from fragmented regulation to a fully standardized and legalized "code era." From site selection and planning, environmental impact assessments and pollution discharge permits, to the harmless treatment of manure and waste management, a complete regulatory framework has been established. Environmental protection is no longer an option for enterprises, but a rigid bottom line for the survival and development of livestock entities, forcing the industry to accelerate green transformation and the resource utilization of manure, and promoting the shift of the livestock industry from scale expansion to high-quality and sustainable development.On July 28, Hu Jinglin, Director of the State Taxation Administration, introduced at a press conference held by the State Council Information Office that in the first half of this year, tax reductions and exemptions implemented by the state in areas such as elderly care, medical care, education, and employment increased by 11.8% year-on-year; 126 million people enjoyed special additional deductions for individual income tax on elderly care, medical care, and education, an increase of 5.9% over the previous year, with tax reductions exceeding 320 billion yuan, an increase of 8.2% over the previous year. Meanwhile, the tax authorities, in collaboration with the human resources and social security departments, actively promoted the pilot program for occupational injury protection for workers in new employment forms. Since July 1, the pilot program has been expanded nationwide, benefiting a total of 29.1 million people.July 28th - At a press conference held by the State Council Information Office on July 28th, Hu Jinglin, Director of the State Taxation Administration, stated that tax data shows that the activity level of business entities in my country further improved from January to June. The number of active business entities nationwide that have completed tax-related matters and are operating normally increased by 20.2% year-on-year, while the number of taxpayers filing tax returns increased by 10% year-on-year.Japanese Finance Minister Satsuki Katayama: Foreign banks participation in the Japan-US investment program has eliminated concerns about dollar financing.
