During an executive meeting held on 13 September 2022, China’s State Council decided to extend the tax payment deferral for manufacturing SMEs by providing a further 4-month deferral from 1 September 2022. The State Council also decided to expedite the refund of VAT input credits for the manufacturing industry, providing that credits will be refunded immediately after application, with an average receipt time of 2 working days.
Source Orbitax
Latest Posts in "China"
- China Uncovers Widespread VAT Evasion Schemes Involving Multiple Companies and Millions in Losses
- Tax Evasion Scandal: 49 Shell Companies and Fake Invoices Orchestrated by Tianjin Changze Finance
- Unveiling a Five-Layer Fake Invoice Network: Tax Evasion and Punishment in Lianyuan City
- Tax Authorities Penalize Guizhou Company for Facilitating Fake VAT Invoices and Tax Evasion
- Tianjin Tax Authorities and Police Crack Down on Major VAT Invoice Fraud Case
