China plans to reform a series of taxation system by improving the value-added tax and sales tax systems, expanding the scope of the value-added tax, giving overall consideration to the tax burden on companies, carrying out the reform in resource taxes and promoting the reform of the property tax and personal income tax, Xu Lin, director of the Department of Fiscal and Financial Affairs under the National Development and Reform Commission, said on Aug. 24.

He also said in Summary Meeting and Achievement International Exchanging Meeting of China and Australian Government Managing Projects, which was organized by the National Development and Reform Commission, the Chinese Ministry of Commerce and the Australian Agency for International Development jointly, that to improve the industrial structure and enhance the proportion of service sector in the national economy, China would further optimize the business tax and value-added tax system.