- The draft announcement seeks public opinion on adjusting VAT input tax deduction standards for certain agricultural products in Hubei Province.
- The announcement is jointly issued by the Hubei Provincial Taxation Bureau and the Hubei Provincial Department of Finance.
- The aim is to implement VAT input tax deduction policies effectively and promote the healthy development of the agricultural processing industry in the province.
- Public opinions can be submitted by mail or email by August 4, 2025.
- The announcement is based on previous national regulations and tailored to the province’s specific conditions.
- Adjustments include specific consumption quantities for rice, pork, and soybean oil.
- The announcement will be effective from a specified date.
Source: lexiscn.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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