- China has enacted a value-added tax law that will become effective on 1 January 2026.
- Yet-to-be developed implementation rules and supporting regulations will be pivotal in translating this landmark legislation into operational reality.
- Businesses should stay tuned for these developments and consider proactively reviewing their current VAT processes to identify areas that may need adjustment under the new framework.
Source EY
Latest Posts in "China"
- China Clarifies SME Tax Preference Rules: New Tests Target Artificial Revenue Splitting and Abuse
- China Extends Import Tax Relief for Returned Cross-Border E-Commerce Goods Through 2027
- China Unveils Broad Import Tax Incentives for Key Sectors, Effective Through 2030
- VAT Return Filing Instructions Updated to Align with New VAT Law Effective February 2026
- GAC Releases Customs Codes for Goods Under 9% Import VAT Rate Following New Regulations
