Tag: China

China shifts VAT collection to business customers purchasing specified services from domestic individuals 1st November 2026 China is introducing a new VAT withholding obligation for businesses purchasing certain services from domestic individuals from 1 November 2026. The Ministry of Finance and State Taxation Administration have

Confirmation when input VAT can still be recovered even though no taxable supply has taken place The Ministry of Finance and State Taxation Administration have issued Announcement No. 25 of 2026, providing further guidance on the VAT Law which came into force earlier this year.

China Aligns VAT Administration with New VAT Law China’s VAT system entered a new phase in early 2026 following the formal implementation of the new VAT Law on 1 January 2026. February saw a coordinated series of administrative releases from the Ministry of Finance (MOF),

China Clarifies VAT Starting Thresholds Ahead of 2026 VAT Law Implementation From 1 January 2026, the new Value Added Tax Law of the People’s Republic of China and its Implementing Regulations will take effect. In advance of implementation, the State Administration of Taxation (SAT) has

China cuts VAT export rebates to curb battery price dumping and trade frictions China will abolish VAT export rebates for photovoltaic (PV) battery products from 1 April 2026 and phase out battery rebates by January 2027. The policy aims to reduce aggressive export price discounting, stabilise

China reduces VAT on short-term residential resales from January 2026 From 1 January 2026, China will apply a reduced value-added tax (VAT) rate to certain residential property resales by individuals, lowering the tax burden on short-term disposals while preserving the long-standing exemption for longer-held properties.