- China introduces new VAT refund policy for end-of-period tax credits starting September 2025
- General VAT payers can apply for monthly refunds if they meet specific criteria
- Monthly refunds available for businesses in manufacturing, scientific research, technical services, software, IT services, ecological protection, and environmental management
- Real estate sector can request a 60 percent refund of new input VAT credits after six months if additional conditions are met
- Applicants must meet conditions set by the tax authority, including compliance and accurate filing history
- Refund calculation procedures are outlined to ensure transparency and uniformity
- Changes aim to improve cash flow for compliant businesses and streamline China’s VAT system
Source: globalvatcompliance.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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