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

WealthCoffee · 2026-04-02T12:26:32+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

2026-04-02 12:26:32

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【Caixin Network】 Advancing legislation in the fiscal domain and improving the system of fiscal laws and regulations are important components of making fiscal governance rule-based. Regarding the 2026 fiscal rule-of-law work, 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 solid job on the drafting and revisions of laws and regulations including the Budget Law (Amendment) and the Local Surtax Law.

The above statement was made in the Annual Report on the Construction of a Rule-of-Law Government by the Ministry of Finance for 2025 (hereinafter referred to as the Report), which the Ministry of Finance issued on March 30, 2026.

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

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