The Hainan authorities have stepped up a policy to reduce the fiscal burden on business and will no longer levy value added tax (VAT) from foreign trade commercial organizations when completing a transaction to acquire a sea vessel from Chinese companies with its subsequent registration in the special customs zone of Yangpu port, reported the Hainan administration.
Source: tass.com
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
