The report discusses the challenges faced by taxpayers in the international business environment in 2022, including economic recovery pressure, high inflation in some major economies, and the deep adjustment of international supply chains. The report highlights the efforts of the Chinese National Taxation Administration to create a market-oriented, legal, international, and intelligent tax environment for taxpayers. It also discusses the measures taken to enhance the "tax momentum" for cross-border investment, such as the implementation of the deferred tax payment policy for foreign investors' profits reinvested abroad, which has promoted foreign investment of 140 billion yuan and the realization of foreign investment of 140 billion yuan. The report also mentions the cooperation in tax dispute resolution between China and other countries, which has helped to eliminate duplicate taxation and saved about 20 billion yuan.
