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Map of the world showing national-level sales tax / VAT rates as of October 2019. A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
The result of this growth was that in 1993, only 22% of Chinese tax revenue was being collected by the national government. In 1994, China underwent financial reforms with a goal of "fiscal recentralization", which aimed to boost the national government's earnings. In doing so, they shrank local tax revenue to below 50% of the total, down from 78%.
The People's Republic of China's adult literacy rate, defined as literacy in those aged 15 and above, was measured at 97% in 2020 by the World Bank. [1] Youth literacy, defined as literacy in those aged 15–24, was 100% since 2010 and remained so in 2020.
China Tax and Financial Planning Briefing. WorldTrade Executive. ISBN 978-1-893323-87-2. Yu, Bingqing (1999). Law of the People's Republic of China on the Administration of Tax Collection. Foreign Languages Press. ISBN 978-7-119-02477-6. Fulton, Trish; Jinyan Li; Dianqing Xu (1998). China's Tax Reform Options. World Scientific Publishing.
The Chinese government initiated a fiscal and taxation system reform in 1992, prepared and promulgated in 1993, and finally implemented in 1994. The reform was a large-scale adjustment of the tax distribution system and tax structure between the central and local governments, which was regarded as a milestone in the transition of China's fiscal system from planned economy to market economy. [1]
By comparison, GM sold 3 million cars in the U.S. in 2017, and 2.6 million cars last year. It’s the first time GM has sold more cars in the U.S. than in China since 2009. China presents other ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 8 February 2025. This article needs to be updated. Please help update this article to reflect recent events or newly available information. (March 2022) World map of countries shaded according to the literacy rate for all people aged 15 and over This is a list of countries by literacy rate. The global ...
The Individual Income Tax in China (commonly abbreviated IIT) is administered on a progressive tax system with tax rates from 3 percent to 45 percent. As of 2019, China taxes individuals who reside in the country for more than 183 days on worldwide earned income.