The Central Committee of the Communist Party of China: Establish a central and local fiscal relationship with clear powers and responsibilities, coordinated financial resources, and regional balance

On July 21, the "Decision" pointed out that it is necessary to establish a central and local fiscal relationship with clear powers and responsibilities, coordinated financial resources, and regional balance. Promote the backward transfer of the consumption tax collection link and steadily delineate the local areas, improve the VAT retention tax refund policy and deduction chain, and optimize the proportion of shared tax sharing. Study the merger of urban maintenance and construction tax, education fee surcharge, and local education surcharge into local additional tax, and authorize local governments to determine the specific applicable tax rate within a certain range.