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"
- China to Cut Export VAT Rebate for New Energy Vehicles
- China Reduces VAT Export Rebate for New Energy Vehicles from April 2027
- The Hidden Proxy Exposed: Tax Service Agent Helps Fake VAT Invoices
- Liuzhou Tax Bureau Penalizes Tax Service Professional for VAT Invoice Fraud Assistance
- China Refines VAT Refund Policy to Support Manufacturing and Green Innovation
