Over 100 million taxpayers received more than 150 billion yuan (about 22 billion U.S. dollars) in tax refunds in China's 2025 annual individual income tax (IIT) reconciliation, said a taxation official in Beijing on Tuesday.
Wang Shiyu, chief auditor at the State Taxation Administration, released the figure at a press conference, noting that low-and middle-income taxpayers are one of the biggest beneficiaries of the tax refund arrangement, which wrapped up about a month ago.
"In this round of IIT reconciliation, more than 200 million taxpayers nationwide completed their tax filings, representing a year-on-year increase of 4.38 percent. More than 100 million taxpayers applied for tax refunds, with the total amount surpassing 150 billion yuan," said Wang.
Wang said that after enjoying a series of supportive policies, those with an annual income of less than 120,000 yuan generally do not need to pay taxes or only need to pay a small amount of taxes.
And among those who need to pay taxes, more than 60 percent are subject to the lowest tax rate, he said.
China issues over 150 bln yuan in tax refunds in 2025 IIT reconciliation
China issues over 150 bln yuan in tax refunds in 2025 IIT reconciliation
Slovak President Peter Pellegrini visited the world's first embodied intelligence robot 4S store, known as Robot Mall, at Beijing E-Town on Tuesday.
Pellegrini is paying a state visit to China from July 27 to 29 at the invitation of Chinese President Xi Jinping. He toured highlights of this year's Humanoid Robot Half Marathon Competition and interacted with humanoid and medical robots during a stop at Robot Mall.
Expressing amazement at China's robotics achievements, the Slovak president said he believes the cutting-edge technology showcased at the venue will find its way into households in the near future.
Robot Mall is designed to support the transition of robotics from technological innovation to real-world application. Its exhibition highlights how robots are entering homes and industrial scenarios, including education, delivery, companionship, entertainment, and daily services. When touring the exhibition, Pellegrini also shared his views on China-Slovakia cooperation in cutting-edge technologies.
"Slovakia is a small country, but things which are developed in China can be used already in Slovakia. So I think we have to find a way how to implement them as soon as possible into our daily life, into our companies and so on," he said.
Chinese investment in Slovakia has continued to grow in recent years, particularly in high-tech industries, green energy, and innovation-driven sectors.
Analysts say closer cooperation in modern technology and research will remain a key topic during his visit to China.
Slovak President visits robot mall at Beijing E-Town
Slovak President visits robot mall at Beijing E-Town
