Source PwC
VAT rate of selling second-hand automobiles under simplified method is reduced from 2% to 0.5% during the period from 1 May 2020 to 31 December 2023.
Latest Posts in "China"
- Fujian Adjusts VAT Input Tax Deduction Standards for Tea Processing Products
- Zhejiang Discontinues Provincial Invoices in Favour of Fully Digitalized E-Invoices
- China’s New VAT Law: Key Changes for Foreign Businesses in 2026
- China Expands Instant VAT Refunds to Boost Tourism and Shopping
- China to Launch Fully Paperless VAT Refunds for Tourists in 2026
