The Chinese authorities have ordered to improve the tax reporting system in duty free zones on Hainan, according to the ruling of the State Taxation Administration of China, regulating the payment of value added tax (VAT) and consumption tax by Hainan duty free shops. The regulation comes into force on November 1, 2020
Source: tass.com
Latest Posts in "China"
- China Approves VAT Law Implementation, Set to Take Effect January 2026
- Hainan Launches Tariff-Free Customs Regime to Boost Trade and Strategic Economic Development
- China Launches Island-Wide Special Customs Zone in Hainan to Boost Free Trade
- Hainan’s Special Customs Regime to Drive Innovation and Openness, Expert Says
- Xi’an Tax Bureau and Police Crack Down on Major VAT Invoice Fraud by Yunsidi Tech
