---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39459209.md"
description: ""Local surtax" can be considered in conjunction with Document No. 38 and land-based fiscal policies. Its essence is to address local government finances and expand local tax sources. Of course, the ultimate source is only one: each and every micro-level individual. Fiscal pressure is also shifting from "land" to everyone's cash flow. For example: the current value-added tax is 13%, and in the future, it might become 13% for the central government with a local surtax of around 3%. This isn't about suddenly collecting an extra sum of money; it's about everything in ordinary people's daily lives gradually becoming a bit more expensive. Specifically in daily life, our routine expenses become more costly, rent becomes more prone to increase, wage growth slows down instead, and businesses also become more cautious. Ordinary people's lives may face increased difficulties, and so on."
datetime: "2026-03-23T14:50:53.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39459209.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39459209.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39459209.md)
author: "[浩浩小课堂](https://longbridge.com/en/profiles/19784218.md)"
---

# "Local surtax" can be considered in conjun…