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Quanzhou tax local retention ratio
50%:50%。 According to the notice issued by Quanzhou Finance Bureau, as of May 26, 2023, the local tax retention ratio in Quanzhou was 50%: 50%. The distribution system of local retained tax shall be stipulated by the State Taxation Bureau and shared equally by the state and local governments. Quanzhou, also known as Licheng, is located in the east of China, bordering Fuzhou in the north, Xiamen in the south and Taiwan Province Island in the east. It is a prefecture-level city in Fujian Province and one of the three central cities in Fujian Province.