- China revised its VAT rebate policy to allow full refunds for manufacturing, scientific research, software, and ecological industries.
- Real estate and other sectors receive partial refunds, prompting businesses to reassess tax strategies.
- Eligible companies must meet specific criteria, including tax credit ratings and sales thresholds.
- Refund calculations vary by industry, with different percentages applied based on VAT credit increases.
Source: fiscal-requirements.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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