People’s Republic of China: Structured Approaches to Risk Assessment

The International Monetary Fund (IMF) conducted a technical assistance mission to the People's Republic of China to enhance risk assessment methodologies within the State Taxation Administration (STA). The project aimed to improve compliance and efficiency through structured approaches, leveraging big data and artificial intelligence. Key findings highlighted the need for segmentation of taxpayer populations and strengthening governance and accountability frameworks. Recommendations included implementing a systematic risk assessment approach and enhancing data sharing capabilities across provinces.