- China has adjusted the VAT refund for the export of certain commodities
- The adjustment aims to promote the export of high value-added products
- The new policy will take effect on January 1, 2022
- Exporters will need to adjust their operations to comply with the new regulations
Source: research.ibfd.org
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.
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