At a press conference on the theme of “Starting the 15th Five-Year Plan” series held by the State Information Office this morning, in response to the question of “how can the financial department support the construction of a unified national market,” a relevant Ministry of Finance official said that in recent years, China has continuously promoted the fair and unification of the tax system and eliminated “depressions” in tax policy. Vice Minister of Finance Liao Min said that to systematically sort out preferential tax policies introduced to adapt to past needs, those that should be stopped must be stopped, and optimized in a timely manner to reverse the “fragmentation” trend of policies. In response to the issue of tax concessions and tax rebates introduced by certain local governments in violation of regulations, they are being dealt with seriously and seriously. Resolutely refrain from engaging in “depressions” of tax policies, reduce market distortions, and carefully create a “highland” for the business environment. Liao Min explained that in terms of regulating local financial subsidies, this year the Ministry of Finance, together with the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Commerce, the General Administration of Customs, the State Administration of Taxation, and the General Administration of Market Supervision and Administration, established a nationally unified management mechanism for the negative list of local financial subsidies. At the same time, relying on an integrated budget management system, illegal subsidies are accurately monitored and promptly verified, sending a signal of strictness.

At a press conference on the theme of “Starting the 15th Five-Year Plan” series held by the State Information Office this morning, in response to the question of “how can the financial department support the construction of a unified national market,” a relevant Ministry of Finance official said that in recent years, China has continuously promoted the fair and unification of the tax system and eliminated “depressions” in tax policy. Vice Minister of Finance Liao Min said that to systematically sort out preferential tax policies introduced to adapt to past needs, those that should be stopped must be stopped, and optimized in a timely manner to reverse the “fragmentation” trend of policies. In response to the issue of tax concessions and tax rebates introduced by certain local governments in violation of regulations, they are being dealt with seriously and seriously. Resolutely refrain from engaging in “depressions” of tax policies, reduce market distortions, and carefully create a “highland” for the business environment. Liao Min explained that in terms of regulating local financial subsidies, this year the Ministry of Finance, together with the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Commerce, the General Administration of Customs, the State Administration of Taxation, and the General Administration of Market Supervision and Administration, established a nationally unified management mechanism for the negative list of local financial subsidies. At the same time, relying on an integrated budget management system, illegal subsidies are accurately monitored and promptly verified, sending a signal of strictness.