- China has enacted a value-added tax law that will become effective on 1 January 2026.
- Yet-to-be developed implementation rules and supporting regulations will be pivotal in translating this landmark legislation into operational reality.
- Businesses should stay tuned for these developments and consider proactively reviewing their current VAT processes to identify areas that may need adjustment under the new framework.
Source EY
Latest Posts in "China"
- China Releases Draft VAT Implementation Regulations for Public Consultation Ahead of 2026 Law Launch
- Shell Companies Exploit Agricultural Tax Benefits, Issue Fraudulent Invoices Worth 30 Billion Yuan
- Chengdu Tax Bureau Investigates Sichuan Logistics Firm for VAT Fraud and Tax Evasion
- Pingtan Tax Bureau Cracks Down on Agricultural Tax Fraud and Fake VAT Invoice Scheme
- China’s New VAT Refund Policy for Taxpayers Begins September 2025
