China’s tax refunds, and tax and fee cuts and deferrals, exceeded 4.2 trillion yuan (US$608.7 billion) in 2022, including a record 2.46 trillion-yuan worth of VAT credit refunds. The tax and fee policies have helped to ease the burdens of market entities.
Source: www.china.org.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
