China Reduction from 13% to 11% for the sale of goods and full refund of unutilized input VAT credits in all sectors are expected 03 July 202155 views1 min read Source: tiberghien.com Deduction (input tax credit) Rate China Standardizes Rules for VAT Exemption/Refund on Purchase of Domestically Produced R&D Equipment China’s E-Fapiao System at a Glance