29 December 2005

China decided to abolish Agricultural Tax

On December 29, 2005, the Standing Committee of the National People's Congress of China decided to abolish the "Regulations of the People's Republic of China on Agricultural Tax" starting from January 1, 2006.

The "Agricultural Tax Regulations" began being implemented in 1958. The agricultural tax that was subsequently enforced actually included the agricultural tax, the agricultural specialty tax, and the pastoral tax.

The "Agricultural Tax Regulations" were implemented for nearly 50 years and were one of the important taxes of the country.

They played a significant role in establishing a complete industrial system and national economic system in China. Farmers, as taxpayers, made great historical contributions to this.

In the late 1970s, after the start of the Reform and Opening-up, the national financial strength continued to grow, and the mechanism of stable fiscal revenue had basically taken shape.

At the beginning of the founding of New China, the agricultural tax accounted for 41% of the national fiscal revenue; but by the beginning of the 21st century, the proportion of the agricultural tax had dropped to less than 1%.

From this point, the agricultural tax, which appeared during the Spring and Autumn Period  (770-476 BC) in China and continued for over 2,000 years, has officially become history.

This also marks that China's rural reform has entered a comprehensive stage focusing on the township institutions, rural compulsory education, and county-town fiscal management system reforms.

10,000-tonne Ocean-Going Cargo Ship

31 December 1965

China's ocean-going cargo ship Dongfeng delivered

2024-12-30
Today in History - Guangzhou-Shenzhen-Hong Kong High-Speed Rail Futian Station

30 December 2015

Shenzhen's Futian Railway Station opened

2024-12-29
Middle School Student Satellite

28 December 2016

China's first satellite for middle school students education launched

2024-12-27
South-to-North Water Diversion project

27 December 2002

China's South-North Water Transfer Project commenced

2024-12-26
Contemporary China - Today in History - Central Government Approves the Establishment of Kashgar Economic Development Zone in Xinjiang

19 May 2010

Xinjiang's Kashgar Economic Development Zone approved for establishment

2025-05-18
Kunqu Opera

18 May 2001

China's Kunqu Opera selected as "Masterpieces of the Oral and Intangible Heritage of Humanity"

2025-05-17
Contemporary China - Today in History - Jidihao

17 May 1987

China's first polar research vessel successfully completed its mission

2025-05-16
Contemporary China - On This Day - Dongfeng Sedan

12 May 1958

The first "Dongfeng" brand domestically produced sedan rolled off the production line

2025-05-11
Practice is the Sole Criterion for Testing Truth

11 May 1978

The article "Practice is the Sole Criterion for Testing Truth" was published

2025-05-10
Contemporary China - On This Day in History - High-Tech Industry

10 May 1988

China's first high-tech industry development experimental zone officially established

2025-05-09
WeChat
We use cookies to deliver our services and to provide you with a personalised experience. By using our services, you need to agree to our Privacy Policy.
Agree and close