On 8 April 2024, the Tax Policy and Legislation Department of State Administration of Taxation (SAT) announced the “2024 Tax Department Regulations Formulation Plan”, which includes a total of four regulations as follows:
- Formulation of the “Administrative Measures for Tax-related Professional Services (Trial)”
- Revision of the “Rules for Tax Administrative Reconsideration”
- Revision of “Measures for Tax Arrears Announcement (Trial)”
- Formulation of the “Administrative Measures for the annual Individual Income Tax Reconciliation for Consolidated Income”
Please kindly note the Plan is SAT level regulation, which exclude high-level laws formulation (such as state council and NPC Standing Committee). We will keep update for any further development.
You may click below link for the full contents of 2024 Tax Department Regulations Formulation Plan: https://www.chinatax.gov.cn/chinatax/n810214/c102374/c102375d/c5222488/content.html