5 Major Developments in China

5 Major Developments in China

• China Moves to Implement the Electronic Invoice
• An additional province joined the fully digitalized e-invoice pilot
• China Extends Zero-Tariff to Imports from Another Ten Countries
• USTR releases Section 301 China tariff questionnaire
• Recent US trade developments affecting supply chains

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Customs

• EU requests two WTO panels against China: trade restrictions on Lithuania and high-tech patents

• USTR releases Section 301 China tariff questionnaire

• Recent US trade developments affecting supply chains

• New U.S. Export Control Rules Targeting Advanced Computing and Semiconductor Products for China

• US export controls target Chinese tech sector

• USTR announces next steps in statutory four-year review of China 301 tariffs

• USTR to continue Section 301 tariffs on Chinese imports for now

Deduction (Input Tax Credit)

• Everything you need to know about China’s VAT rebate policy

E-Invoicing

• An additional province joined the fully digitalized e-invoice pilot

• How To Use Digital Invoices (Fapiao) In China

• China Moves to Implement the Electronic Invoice

• E-Invoicing Compliance Updates – China

• China Moves to Implement the Electronic Invoice

Exemption

• China Extends Zero-Tariff to Imports from Another Ten Countries

Export

• US imposes export restrictions on certain integrated circuits, computing components and products used in the production of semiconductors from China

• New U.S. Export Control Rules Targeting Advanced Computing and Semiconductor Products for China

• US Implements new technology export controls on China

Rate

• China to impose consumption tax on e-cigarettes from November

Refund

• Everything you need to know about China’s VAT rebate policy
• China Extends Zero-Tariff to Imports from Another Ten Countries

• China Extending Tax Payment Deferral for Manufacturing SMEs and Expediting VAT Refunds

Tax Authorities/Penalties

• Updated guidance published on GAC’s voluntary disclosure program