Ministry of Finance: Prepare for the formulation of local additional tax laws by 2026 and actively cooperate with the legislation of consumption tax

WealthCoffee · 2026-04-06T13:04:12+00:00

The Ministry of Finance plans to promote fiscal legislation, focusing on the revision of the Consumption Tax Law and the Tax Collection and Administration Law, as well as improving the Budget Law and the Local Surcharge Law. The 2025 Report on the Construction of a Law-Based Government mentioned that China has completed legislation for 14 tax types, with some tax types still pending improvement.

WealthCoffee

2026-04-06 13:04:12

Abstract generation in progress

【Caixin Web】 Advancing legislation in the fiscal domain and improving the framework of fiscal legal systems is an important part of making fiscal governance rule-of-law. Regarding the fiscal rule-of-law work in 2026, the Ministry of Finance said it will actively cooperate with legislation such as the Consumption Tax Law and the Tax Collection and Administration Law (amendment), and will do a good job in drafting and revising laws and regulations including the Budget Law (amendment) and the Local Surtax Law.

The above statement was made in the 《Ministry of Finance 2025 Annual Report on Rule-of-Law Government Building》 (hereinafter referred to as the 《Report》), published by the Ministry of Finance on March 30, 2026.

In terms of tax legislation, among China’s current 18 tax categories, 14 have already completed legislation, while the tax categories that have not yet completed legislation include the consumption tax, as well as land and real-estate-related taxes such as the property tax, the urban land appreciation tax, and the urban land use tax.

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