Revenue from film screening is exempted from Value Added Tax (VAT), announced by China Film Administration and Ministry of Finance of China on Thursday. Authorities will temporarily exempt the collection of special funds for the development of the national film industry.
Source: cgtn.com
Latest Posts in "China"
- Shell Companies Exploit Agricultural Tax Benefits, Issue Fraudulent Invoices Worth 30 Billion Yuan
- Chengdu Tax Bureau Investigates Sichuan Logistics Firm for VAT Fraud and Tax Evasion
- Pingtan Tax Bureau Cracks Down on Agricultural Tax Fraud and Fake VAT Invoice Scheme
- China’s New VAT Refund Policy for Taxpayers Begins September 2025
- China Expands Consumption Tax to Include More Ultra-Luxury and New Energy Vehicles
