5 Major Developments in China

5 Major Developments in China

• Announcement on the Continuation of the Agricultural Loan Value Added Tax Policy of China Postal Savings Bank’s Agricultural Finance Department

• Shanghai Introduces New Measures to Boost Innovation in Free Trade Zone

• China Announces New Additional VAT Deduction for Advanced Manufacturing Companies

• China MOF Clarifies VAT Additional Credit Policy for Advanced Manufacturing Enterprises

• China Extends VAT Exemption/Refund for Domestic R&D Equipment

Country Guides

• Value Added Tax (VAT) Guidelines: China

Customs

• What businesses in Asia need to know in light of the recent export and sanctions developments and the US-China trade tensions

• WTO Panel Report finds China’s Additional Duties on U.S. Imports Inconsistent with WTO Agreement

Deduction (Input Tax Credit)

• Requirements for the development of a list of integrated circuit companies that enjoy the additional VAT credit policy in 2023

• China announces new additional VAT deduction for advanced manufacturing companies

• China Announces New Additional VAT Deduction for Advanced Manufacturing Companies

• China MOF Clarifies VAT Additional Credit Policy for Advanced Manufacturing Enterprises

• Announcement of Gansu Province regarding the Approved Deduction Standards for Input VAT of Certain Agricultural Products

• Integrated circuit enterprises may be eligible for super input VAT credit

• Input VAT refunds being scrutinised

E-invoicing

• Embracing The Future Of Invoicing: A Comprehensive Guide To All-Electric Invoices

• Digital Invoicing: Say goodbye to traditional invoices and fully enter the digital era

Exemption

• China Extends VAT Exemption/Refund for Domestic R&D Equipment

• China Extends VAT Exemption/Refund for Domestic R&D Equipment

• China MOF Issues Announcements on VAT, Individual Income Tax Policies for Commodity Futures

• Announcement on the Relevant Value-added Tax Policy for Supporting the Opening up of the Commodity Futures Market

• Global VAT Guide: August 2023 VAT Updates

• VAT reduction and exemption policy for small-scale taxpayers continued until the end of 2027

• VAT cut for small taxpayers

• China Provides VAT and Property Tax Relief for Residential Property Leasing

• China extends preferential purchase tax policy for new energy vehicles

Export

• Shanghai Introduces New Measures to Boost Innovation in Free Trade Zone

• China extends VAT Refund Policy for Firms Procuring Chinese Equipment until 2027

Importation

• Shanghai Introduces New Measures to Boost Innovation in Free Trade Zone
• WTO Panel Report finds China’s Additional Duties on U.S. Imports Inconsistent with WTO Agreement

Rate

• Beijing extends tax cut on used-vehicle sales for four more years

• Announcement on the Continuation of the Agricultural Loan Value Added Tax Policy of China Postal Savings Bank’s Agricultural Finance Department

• Global VAT Guide: August 2023 VAT Updates

• VAT cut for small taxpayers is set to be extended for a further four years (till 2027)

• China extends 3% VAT rate withdrawal for small businesses till 31 Dec 2027

• VAT reduction and exemption policy for small-scale taxpayers continued until the end of 2027
• VAT cut for small taxpayers

• China slaps consumption tax on fuel blending components

Real Estate/Immovable Property

• China Provides VAT and Property Tax Relief for Residential Property Leasing

• Announcement on Policies for Land Value Added Tax Liquidation by the State Taxation Administration and the Ningbo Municipal Taxation Bureau

Refund

• China Extends VAT Exemption/Refund for Domestic R&D Equipment
• China extends VAT Refund Policy for Firms Procuring Chinese Equipment until 2027

• China Extends VAT Exemption/Refund for Domestic R&D Equipment

• China VAT credits struggle

• How to claim VAT Refund via WeChat for Chinese Tourists in UAE

• Input VAT refunds being scrutinised

Registration

• Embracing The Future Of Invoicing: A Comprehensive Guide To All-Electric Invoices

Reporting / Compliance

• Embracing The Future Of Invoicing: A Comprehensive Guide To All-Electric Invoices

• China’s Tax Incentives for the Manufacturing Sector in 2023

• China slaps consumption tax on fuel blending components

SME (Small and Medium- Sized Enterprises)

• Beijing mulls improving VAT law

• China mulls improving system for small-scale value-added tax payers

• Global VAT Guide: August 2023 VAT Updates
• China extends 3% VAT rate withdrawal for small businesses till 31 Dec 2027
• VAT reduction and exemption policy for small-scale taxpayers continued until the end of 2027
• VAT cut for small taxpayers

Taxable Transaction

• China slaps consumption tax on fuel blending components

Territory

• Shanghai Introduces New Measures to Boost Innovation in Free Trade Zone