On 28 April, the Jiangsu Provincial Taxation Department introduced 20 new measures to support local enterprises investing overseas, focusing on communication, service innovation, quality, effectiveness and types. 

Zhu Hai, head of the department’s International Tax Administration Division, said the measures have three key features tailored to enterprise needs. First, the department supports compliant operations by providing timely alerts on potential tax risks in cross-border business activities. Second, it collaborates with chambers of commerce, business associations, and overseas industrial park operators to establish service stations, helping effectively address tax-related challenges. Third, it offers reliable services for major or complicated cross-border tax issues.

As of 2024, Jiangsu’s 2,448 investors had established 3,915 overseas enterprises across 118 countries and regions, with actual outbound direct investment totaling 224.135 billion yuan ($30.83 billion).

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