Caixin
Feb 27, 2023 08:19 AM
FINANCE

Cover Story: China’s Tax System Gets a Digital Upgrade

China is putting in place an expansive new system to overhaul its $2.4 trillion tax payment and collection system, as part of a decades-long flagship project to digitalize the national network and increase scrutiny of evasion, bringing profound changes to the country’s filing practices.

Titled the Golden Tax System Phase IV, it is expected to be rolled out this year, connecting taxpayers, tax authorities and policy makers with a vast digital platform powered by big data, cloud computing and artificial intelligence technologies.

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