FOZL fzl

China's tax professional services enter a new stage of standardization: The 2025 new policies will reshape the industry ecosystem

China's tax professional services enter a new stage of standardization: The 2025 new policies will reshape the industry ecosystem

On March 17, 2025, the State Taxation Administration issued the "Measures for the Administration of Tax-related Professional Services (Trial Implementation)" (Order No. 58 of the State Taxation Administration), which officially came into effect on May 1. As the first departmental regulation to systematically regulate the tax-related service industry, the document constructs a three-in-one management framework of "real-name system + credit rating + classified supervision," marking a new era of legalized, digitized, and professionalized development for China's tax-related service industry.

The Ministry of Agriculture and Rural Affairs launches a cultivation plan for 'national excellent entities' to promote high-quality development of agricultural product exports.

The Ministry of Agriculture and Rural Affairs launches a cultivation plan for 'national excellent entities' to promote high-quality development of agricultural product exports.

China's Ministry of Agriculture and Rural Affairs launched the "National Excellent Entities" cultivation plan in 2025. The plan aims to cultivate around 100 entities in 2025, incorporating 337 entities established between 2021 and 2023 after review. The goal is to cultivate over 50 entities with annual export exceeding US\$100 million and over 600 entities with annual export exceeding US\$10 million by 2030. Three measures will be implemented: increased support, enhanced marketing, and optimized services to improve the added value and international competitiveness of agricultural products, driving sustained growth in national agricultural exports.

The 2024 deferred tax policy for foreign reinvestment has yielded significant results, attracting continued increases in foreign investment.

The 2024 deferred tax policy for foreign reinvestment has yielded significant results, attracting continued increases in foreign investment.

Recent data from the State Taxation Administration of China shows that in 2024, the deferred tax amount for foreign reinvestment in China reached 162.28 billion yuan, a year-on-year increase of 15%, setting a new historical high. This policy allows overseas investors to temporarily exempt from withholding income tax when reinvesting profits distributed by domestic enterprises into projects within China. This effectively reduces the operating costs for foreign investment and enhances confidence in long-term investment.

Foreign direct non-financial investment increased by 9.1% from January to February.

Foreign direct non-financial investment increased by 9.1% from January to February.

Recently, the Chinese Ministry of Commerce announced that from January to February 2025, China's outbound non-financial direct investment reached US$22.97 billion, a year-on-year increase of 9.1%. Among this, Chinese companies' non-financial direct investment in countries participating in the Belt and Road Initiative totaled US$5.52 billion, a year-on-year increase of 17.6%.

China Finance: China is the largest source of international patent applications

China Finance: China is the largest source of international patent applications

The World Intellectual Property Organization (WIPO) recently released the 2024 global intellectual property filing statistics. The data shows that in 2024, the total number of international patent applications under the Patent Cooperation Treaty (PCT) reached 273,900, a year-on-year increase of 0.5%. China accounted for 70,160 applications, a year-on-year increase of 0.9%, remaining the largest source of applications. The United States ranked second with 54,087 applications, followed by Japan, South Korea, and Germany.

China's Ministry of Finance Releases Key Fiscal Support Priorities for People's Livelihood in 2025

China's Ministry of Finance Releases Key Fiscal Support Priorities for People's Livelihood in 2025

In 2025, proactive fiscal policies will be implemented with greater intensity and effectiveness. Expenditure structures will be significantly optimized, with increased support for improving people's livelihoods, strengthening healthcare, education, elderly care, and employment security, and boosting residents' consumption capacity.