China to Invest 9 Billion Yuan in New Taxation Information System

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Last updated at: (Beijing Time) Tuesday, August 13, 2002

China to Invest 9 Billion Yuan in New Taxation Information System

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China is to invest 9 billion yuan (about 1 billion US dollars) in a new computerized taxation information system, director of State Administration of Taxation (SAT) Jin Renqing said at a national taxation conference on Tuesday.

According to Jin, China will establish a nation-wide computer network in five years to collect and share taxation data among taxation offices all over the country.

This would effectively prevent illegal tax evasion and fraud aswell as give taxpayers a higher quality service, Jin said.

The project would combine two recognized computer network and software systems as well as newly designed software to forge an advanced and comprehensive taxation management system, said Yu Dong, an official in charge of SAT's information center.

The project was not only a technical breakthrough, but also a reform in the field of taxation management and a vital part of China's emerging electronic governance, Jin said.

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