- Rumors about increasing VAT rates for gaming, finance, and related industries are false.
- Experts and industry insiders confirm no official notice or basis for such tax rate hikes.
- China’s current VAT law sets main rates at 6%, 9%, and 13%; there is no 32% rate.
- Recent VAT adjustments only affect telecom services, not gaming or financial sectors.
- Short-term VAT rate changes for specific industries are highly unlikely.
Source: m.thepaper.cn
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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