Since the beginning of this year, to better cope with the new downward pressure on the domestic economy, the VAT credit refund has coverage from six major industries including micro and small enterprises, focusing on manufacturing, to seven industries closely related to people’s livelihood, and the policy has been appropriately increased. The coverage continues to expand, and it is progressing in an orderly manner according to the schedule.
Source: gov.cn
Latest Posts in "China"
- France Cracks Down on Chinese E-Commerce Giants with Fines and Regulations
- China Releases Draft VAT Implementation Regulations for 2026 Law
- China Imposes 2000 Line Item Limit on Fully Digitalized Electronic Invoices, Affecting SAP Systems
- USTR Evaluates Extending Section 301 Tariff Exclusions on Chinese Imports Beyond November 2025
- Notice on Formulating the 2025 List of Integrated Circuit Enterprises for VAT Super-deduction Policy