Further tax cuts planned to benefit broader groups

China's tax authority said on Friday it is putting forward a more aggressive tax reduction plan, focusing on value-added tax and individual income tax reform, to stabilize private enterprises' investment and fuel consumption.

"We will propose a larger-scale tax cut and fees reduction policy as soon as possible," said Wang Jun, director of the State Taxation Administration, in an interview with China Daily on Friday.

The plan should be straightforward to implement, and would benefit a broader group of individuals and businesses, he said. Once introduced, the policy would further cut corporations' tax bill, especially for tech startups, and small and microenterprises, he added.