Focusing on China’s reform of fiscal system and on taxation system and on budget management，this chapter reviews the important measures in China’s 30 years’ reform of fiscal and taxation system since reform and opening-up.5 pieces of successful experience are drawn in the reform of fiscal & taxation system，namely：Reform must be in-phase with the transformation of government functions；Reform must stick to the gradual reforming route；Government’s ability of macro fiscal control must be enhanced；Fiscal reform must be in line with the reform of state-owned enterprise，banking reform etc.；The inner reforms on public expenditure management must be coordinated too. In line with the goal model of China’s reform of economic system，thoughts about further reform and measures in the coming years are pointed out in terms of fiscal system，industrial and commercial taxation system and budget management system as well.