The State Administration of Taxation announced on Tuesday that it is drawing up a taxation plan to better support the Belt and Road Initiative, said Wang Jun, director of the administration.
The government will provide better taxation management and services to an increasing number of Chinese companies that have established their brands outside the country, Wang said at a taxpayers' conference in Beijing.
Some well-regarded companies in China attended the meeting. Railway manufacturer CSR Corp and Huawei Technologies Co Ltd said the implementation of the Belt and Road Initiative has paved the way for Chinese enterprises to invest overseas, however they increasingly faced difficulties in taxation.
"The overseas tax environment is relatively complex. In some countries, law enforcement is not standardized," said Li Dafeng, vice-president of the finance sector at Huawei.
Wang said the related taxation departments are working to improve the taxation system to serve Belt and Road Initiative related projects.
"In addition, tax reform is shifting toward green taxation. We plan to strengthen the taxation support to environmental protection sectors. We have already reported the environmental protection tax plan to the State Council, whereas taxation itself won't solve all the problems. Coordination with other departments remains necessary," Wang said.
