March 25 2021

STA Streamlines Tax Return Form for the Monthly (Quarterly) Prepayment of Enterprise Income Tax

Announcement by the State Taxation Administration (STA)

In order to continue to reduce burden on taxpayers, the State Taxation Administration recently updated the Tax Return Form of the People's Republic of China for the Monthly (Quarterly) Prepayment of Enterprise Income Tax (Type A).

The new form has reduced the number of annexed sheets and optimized the columns. A large majority of corporate taxpayers have to fill only one form of tax return to complete tax declaration, so that they can reduce workload in dealing with tax affairs.

Resident enterprises that make tax prepayment on a monthly basis will begin to use the new form from March 2021; resident enterprises that make tax prepayment on a quarterly basis will begin to use the new form from the first quarter of 2021.