China tightens value-added tax refund regime to boost revenue
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
China is overhauling its value-added tax (VAT) refund regime.
Per a Friday notice published by the finance ministry (MoF) and the tax bureau (STA), starting September, only eligible general taxpayers in four sectors – manufacturing, R&D, software and IT services, and environmental protection – w...