- 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.
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