


China expands tourist VAT reclaims

China eases VAT refund policy
China New VAT Refund Policy Starting September 2025 Beginning 1 September 2025, China will implement a new VAT refund policy allowing certain taxpayers to apply for refunds of unused retained tax credits, according to Announcement No. 7 and Announcement No. 20 issued by the Ministry

China tightens VAT obligations for Delivery Services
Ministry of Finance restates VAT rules as e-Commerce surges China’s Ministry of Finance and the State Administration of Taxation have clarified VAT obligations for delivery and logistics services, reinforcing the importance of compliance as the country’s e-commerce sector continues its rapid expansion. 9% VAT on

China VAT on bond interest income to boost equities

China imposes quarterly platform seller reporting
July 2025: Quarterly reporting on platforms’ third party sales China’s State Administration of Taxation (SAT) has implemented new tax reporting rules targeting digital platform operators to enhance transparency and strengthen tax compliance. Effective from 23 June 2025, under State Council Decree No. 810, the regulation

China VAT law 2026
Congress approves first consolidated VAT law for January 2026 The first consolidated Value Added Tax Law for China has been approved by the Standing Committee of the National People’s Congress on 25 December 2024. This goes to public consultation and is set to come into

China VAT exemption on real estate collapse
2-year VAT exemption on residential property sales on real estate crisis An economic downturn and ageing pollution has put huge pressures on China’s dominant real estate sector. This is threatening domestic economic stability and wider global markets. To support the market, from 1 December 2024,

China mulls VAT overhaul as govt revenues drop
Central Committee reconsiders VAT base and rates at Third Plenum as property taxes fall China’s rulers are set for their third plenum in the current 5-year political planning cycle next month. Typically, the third plenum is reserved for economic reforms as part of the 5-year

China VAT credits struggle
New VAT law to alleviate slow credit refunds China’s proposed new VAT law is undergoing a second reading for the Standing Committee of the National People’s Congress. A major pillar is how to improve the poor record of VAT credit refunds for taxpayers as well