VATupdate

China Provides Detailed Rules on VAT Treatment of Long-Term Assets

General Deduction Rules: Input tax can be fully deducted for long-term assets used exclusively for taxable activities, while it is non-deductible for assets used exclusively for non-creditable activities, categorized into five types. If the use of...

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VATupdate Newsletter Week 5 2026

DATED January didn’t end. It simply gave up. After 31 days of dragging its feet, it quietly extended itself to 56, maybe 72. It’s the only month that seems to operate under flexible calendar rules. Which, as VAT...

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