China Implements Tax Reverse Charge to Boost Recycling Efforts in Industrial Sector

• China is using tax reverse charge to promote recycling
• State Taxation Administration will offer reverse charge for recycling companies by end of April
• Resource recycling taxpayers can obtain VAT invoices more conveniently and deduct input tax
• Taxpayers with monthly sales less than 100,000 yuan can enjoy VAT exemption
• Taxation deduction of 1 percent for sales exceeding 100,000 yuan a month

Source: chinatax.gov.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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