Over the last few months, China has been quickly expanding the pilot program on electronic special value-added tax (VAT) fapiao (hereafter referred to as special VAT e-fapiao). First trialed in Ningbo, Hangzhou, and Shijiazhuang, China expanded the pilot program on issuing special VAT e-fapiao to 11 regions from December 21, 2020 and then another 25 regions from January 21, 2021. China is accelerating its effort to join the booming trend throughout the world: digitalization.
Source: china-briefing.com
Latest Posts in "China"
- China Ends VAT Export Rebates for Solar and Battery Products to Curb Price Dumping and Trade Tensions
- China to Cancel Export Tax Rebates for Photovoltaic and Battery Products Starting April 2026
- Haikou Rises as Global Tourism and Performing Arts Hub Amid Hainan Free Trade Port Expansion
- Hainan Free Trade Port: Transforming China’s Economy Through Trade, Tourism, Tax, and Talent Innovation
- China Cuts VAT to 3% on Homes Sold Within Two Years, Effective January 2026
