- China’s State Administration of Taxation is consulting on regulations for the new VAT law
- The new VAT law will be effective from January 1, 2026
- Comments can be submitted online by September 10, 2025
- The law aims to modernize China’s VAT system and align with international standards
- It will transition towards the destination principle for VAT revenue allocation
- The current origin principle is seen as distorting investment decisions
Source: answerconnect.cch.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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