- China will continue its VAT preferential policies after the implementation of the new VAT law.
- The Ministry of Finance and State Taxation Administration announced measures to maintain stable tax burdens and optimize the VAT policy system.
- Starting January 1, 2026, 21 categories, including agricultural products and medical services, will be exempt from VAT.
- Exemptions also apply to cross-strait shipping and aviation income for Taiwanese companies, and to Hong Kong investors trading stocks and funds via Stock Connect and mutual recognition schemes.
Source: zaobao.com.sg
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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