Lates News

The individual income tax final settlement for the year 2025 will be completed on June 30th. The latest data released by the State Taxation Administration shows that as of the end of May, more than 160 million people have completed their individual income tax final settlement filings, with over 110 million people receiving tax refunds. The amount of tax refunds has also significantly increased, with a year-on-year growth of over 17% in the size of tax refunds.