China Implements Tax Reverse Charge to Boost Recycling Efforts

• China is using tax reverse charge to promote recycling in the industrial sector
• The State Taxation Administration will offer reverse charge for recycling companies by the end of April
• The new measure will allow resource recycling taxpayers to obtain VAT invoices more conveniently and deduct input tax
• Taxpayers with monthly sales of less than 100,000 yuan can enjoy a VAT exemption
• Taxpayers with sales exceeding 100,000 yuan can enjoy a VAT taxation deduction of 1 percent from the original 3 percent

Source: chinadaily.com.cn

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

---

---