China Briefing News

More Advanced Manufacturing Taxpayers in China to Benefit from Expedited Refund of Uncredited VAT

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Effective April 2021, the new VAT policy will benefit five more sectors, including pharmaceuticals.

China Continues Offering Tax Incentives to Animation Industry

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As part of its support for emerging cultural industries, China’s Ministry of Finance and State Administration of Taxation recently announced to continue the favorable value-added tax and business tax treatment to the animation industry.

China’s Software Developers Can Enjoy VAT Refunds

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Starting on January 1, 2011, enterprises which develop their own software products or redesign imported software products can have part of their value-added tax refunded, said China’s State Administration of Taxation and Ministry of Finance recently.

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