China Tax/Business News Flash

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Mar 2016, Issue 7

Highlights of fiscal and taxation reform in 2016 as announced by Premier Li

On 5 March 2016, Premier Li Keqiang made a speech on the government work report for the new year (the "Work Report") at the fourth session of the 12th National People's Congress (NPC). The Work Report announced the main objectives and major initiatives for 13th Five-Year Plan period as well as the key tasks deployed for 2016. In this issue of our China Tax and Business News Flash, we will introduce the tax related measures and policies in the Work Report and analyse their impact on enterprises.

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