- China announced a new VAT refund policy effective September 1, 2025.
- General VAT taxpayers in priority sectors can apply for monthly refunds.
- Real estate and other sectors face specific conditions for refund eligibility.
- Eligibility depends on input credit balances and compliance ratings.
Source: kpmg.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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