- Congress approves China’s first consolidated VAT law
- Standing Committee of the National People’s Congress passed the law on 25 December 2024
- Law set for public consultation before implementation
- Effective date is 1 January 2026
Source: vatcalc.com
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.
Latest Posts in "China"
- 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
- Launch of 2025 VAT Deduction Policy for Integrated Circuit Enterprises Announced
