- 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 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
- Request for Comments on Proposed Extensions of Section 301 Tariff Exclusions
