China Briefing News

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


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

China Continues Offering Tax Incentives to Animation Industry


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


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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