- China’s new VAT law will come into effect on 1 January 2026
- Dahui Lawyers provides insight on key changes in the VAT law
- VAT is the largest tax category in China
- The VAT system has undergone significant reforms over the years
- Implementing regulations for the VAT Law are expected to be released
- Six key changes in the VAT law compared to the previous system
- Standardizing the scope of taxable transactions and removing taxable labor services
- Simplifying the deemed sales provisions and removing the catch-all clause
Source: msiglobal.org
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
