We explain how China has expanded the eligibility criteria that allows small-scale taxpayers to issue special VAT invoices (fapiao) by themselves.
We outline the criteria for acquiring VAT general taxpayer status and how to apply with government authorities.
Eligible corporate taxpayers in China will be able to restore their tax credit rating as tax authorities launch new measures effective from January 2020.
China’s double tax avoidance agreements (DTAs) can be used to avail lower tax rates while making outbound payments. Learn how to apply for these benefits.
Non-resident taxpayers in China claiming tax treaty benefits need to check against new compliance requirements that will become effective January 1, 2020.
China has increased additional VAT deductions in the life services industry from October 1, 2019 to December 31, 2021. We explain the eligibility criteria and applicability.
China’s new VAT policy took effect on April 1, 2019 and aims to boost economic activity in certain sectors by lowering VAT rates and increasing VAT credits.
Tax, Accounting and Audit in China 2019-2020 is now available for download on the Asia Briefing Publication Store.