- Changes to the end-of-period VAT refund policy were announced by the Chinese State Administration of Taxation on August 22.
- Starting September 2025, eligible general VAT payers can apply for refunds of end-of-period retained tax credits.
- Taxpayers in certain industries can apply monthly for refunds of end-of-period retained tax credits.
- Specific conditions are set for taxpayers in the real estate development and operation industry to apply for a 60 percent refund of newly-added retained tax credits after six months.
- Other conditions must be satisfied by taxpayers eligible for the specified policies.
- Calculation procedures for refundable retained tax amounts are provided.
Source: news.bloombergtax.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"
- Trickiest countries in which to achieve compliance
- China Lowers Luxury Car Tax Threshold to CNY 900,000, Expanding Tax Scope from July 2025
- China Revises VAT Rebate Policy 2025: Full Refunds for Key Industries, Partial for Others
- China Clarifies Tax Reporting Rules for Digital Platforms, Effective October 1, 2023
- France Cracks Down on Chinese E-Commerce Giants with Fines and Regulations
