Beijing, September 16 (Xinhua): China will unwaverly advance the digitization of the tax administration in the country, a official said on Wednesday.

Driven by Intelligent Tax developments, the automatic calculation of taxes is a step closer to reality, said Wang Jun, head of tax administration of the State, at a meeting of the Heads of Fiscal Authorities of the BRICS countries, which concluded on Wednesday.

At the online meeting, the heads of the tax authorities of Brazil, Russia, India, China and South Africa exchanged opinions and shared results on the subject of redefining the processes of business for the tax administration in the digital age in the midst of the challenges posed by Covid-19.

Digitization has led to the construction of China's Smart tax system, Wang said, adding that Chinese tax authorities plan to build an intelligent tax system driven by Taxations Big- Data within five years.

The meeting began in 2013 as a significant element of the cooperation mechanism between the Tax Administrations of the BRICS countries. To further strengthen fiscal collaboration, Wang proposed the establishment of an exchange mechanism between the BRICS countries on the computerization of the tax system.

Wang also suggested the promotion of exchanges with international organizations, including the G20 and the Organization for Economic Cooperation and Development, to take advantage of the advanced experience of it.

The meeting was organized by the Tax Administration of India this year. A communiqué of the Heads of Fiscal Authorities of the BRICS countries was issued, and it was decided that China will house the Fiscal Experts of BRICS and the meeting of fiscal heads in 2022. Enditem follows China.org.cn in Twitter and Facebook to Join the conversation.Chinanews App download

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