China Revises Tax Return for 2021 and Future Years 3

China's State Administration of Taxation has issued Announcement No. 34 (2021) of 31 December 2021 to optimize tax services and reduce tax burdens in relation to the final settlement of corporate income tax. This includes the revision of certain forms and instructions for the annual corporate (enterprise) tax return, "Annual Tax Return for Enterprise Income Tax of the People's Republic of China (Type A, 2017 Edition)", which is to be used for the final settlement of corporate income tax in 2…