The Chinese government has taken concrete measures to implement their tax cut scheme in full this year, including lowering VAT rates starting from April 1, 2019. According to official data from the State Administration of Taxation (SAT), China’s new policy to cut VAT has saved 703.5 billion yuan (around EUR 90 billion) in the first three quarters of this year.
Source WTS
Latest Posts in "China"
- China Eliminates Export VAT Refunds for Photovoltaic, Battery Products Starting April 2026
- China’s Crackdown on Invoice Economy Disrupts Copper Trade and Metals Financing
- China’s Tax Crackdown Disrupts Copper and Metals Trade, Slashing Invoice Quotas and Transactions
- China Reports Surge in Instant VAT Refunds for Departing Tourists After New Policy
- Policy Boost: Expanded Tax Rebate Scope for Pingtan’s “Second Line” Goods Announced
