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24 Years Later - China Finally Centralizes Its Tax Administration

As part of a substantial overhaul of its tax system, in 1994 China established two tax administration systems, one under the control of the central government and separate agencies in each province supervised by provincial governments. Responsibility for collecting individual and company income taxes, VAT on the sale of goods and Business Tax on the provision of services was divided between the two levels of tax administration. The Business Tax was assigned exclusively to the provincial tax offices and all revenue from the tax was retained by provincial governments. Commencing in 2012, the central government began shifting the Business Tax base into the VAT, which became a conventional VAT that applied to both goods and services. The transfer was completed in 2016. Along with the centralization of all tax revenue, the government announced in March 2018 that it would incorporate the provincial tax administrations into the central State Administration of Taxation. A temporary arrangement has seen the central government distribute to provincial governments, which lost their Business Tax base, a higher share (formerly 25 per cent and now 50 per cent) of VAT revenue it collects. However, it remains to be seen to what extent centralization of tax administration may be related to longer term realignment of tax distribution in China.