Auditors reveal illegal tax cut by some state taxation departments

10:48, June 28, 2011      

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China's chief auditor said on Monday that a few state tax departments have been violating rules to give tax cuts or exempts to taxpayers.

Liu Jiayi, head of the National Audit Office, noted that illegal tax reduction and exemptions conducted by tax departments in 12 provinces resulted in the losses of taxes worth 2.578 billion yuan (397 million U.S. dollars) last year.

Liu made the statement in a report submitted to the 21th session of the Standing Committee of the 11th National People's Congress (NPC),the top legislature.

Also, 17 companies were illegally listed as hi-tech enterprises by tax departments. Under favorable polices, these groups enjoyed a tax cut of 2.665 billion yuan in 2010.

Liu noted other problems in tax collection such as lax invoice checks and management and illegal adjustment of tax-collecting standards.

Liu said the State Administration of Taxation and other relevant taxation departments are taking measures to rectify various problems and improve taxation policies.

According to Liu, state tax departments in 18 provincial-level regions collected taxes worth 2.69 trillion yuan in 2010, up 16 percent year-on-year.

Source: Xinhua
 
 
     
 
 
 
     
 
 
 
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(Editor:梁军)

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