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China to simplify VAT rates: official
Vice Finance Minister Shi Yaobin said on Friday that China will simplify VAT rates in the future to ease company tax burdens.
December05,2016
China refunds over 1.6 trillion yuan of VAT credit
China had refunded value-added tax (VAT) credit worth over 1.6 trillion yuan (about 251 billion U.S. dollars) by June 14 to free up much-needed cash for enterprises, official data showed.
June20,2022
China announces detailed VAT reform measures
Chinese authorities Thursday announced detailed measures to implement the country's value-added tax (VAT) reform to further reduce the tax burden on various industries.
March22,2019
China sets deadline for VAT reform
Chinese finance minister said on Monday that business tax in all industries will be replaced by value-added tax (VAT) before May this year, a concrete step in deepening fiscal and taxation reform.
March07,2016
China's VAT credit refunds exceed 800 bln yuan in April
China's value-added tax (VAT) credit refunds reached 801.5 billion yuan (about 119 billion U.S. dollars) in April, official data showed Tuesday.
May11,2022
China's VAT reform delivers results: State Council
China's ongoing nationwide value-added tax (VAT) reform will reduce the tax burden for enterprises to the tune of 500 billion yuan (72.6 billion U.S. dollars) by the end of the year, according to a State Council meeting announcement.
December02,2016
China's VAT reform restructures economy, encourages entrepreneurship
China's value-added tax (VAT) reform, a key part of supply-side economic reform, has given impetus to economic growth and boosted entrepreneur ship.
September22,2017
China's VAT cut benefits import enterprises
China's import enterprises saw their tax burden significantly reduced last month as the country lowered value-added tax (VAT) rates to further lighten the financial pressure of enterprises.
May20,2019
VAT cut helps keep German inflation below zero in November
Germany's annual inflation rate remained below the zero mark in November, kept down by a cut in value-added tax (VAT) and lower energy prices, the Federal Statistical Office (Destatis) reported on Monday.
December04,2020
China to waive VAT on bonded delivery of certain commodity futures
China will temporarily waive value-added tax (VAT) for the bonded delivery of commodity futures that are to open to overseas investment.
February19,2020
China plans larger VAT rebates to boost vitality of market entities
Chinese authorities have issued a circular clarifying relevant policies to increase the scale of value-added tax (VAT) credit refunds, to support the development of small businesses and manufacturing and boost vitality of market entities.
March23,2022
China waives VAT, fees on film industry against virus impact
China's fiscal and taxation authorities on Thursday announced a decision to temporarily waive the value-added tax (VAT) and some fees on certain film-related businesses to support the sector against the COVID-19 shock.
May14,2020
Companies, consumers to benefit from unprecedented VAT cut
Both companies and consumers in China will benefit from massive VAT cuts that will be implemented next month.
March22,2019
China mulling reduction of VAT rate on manufacturing industry
Since 2016, China has unveiled a batch of policies to reduce enterprises' cost burden, including tax and fee reduction measures. The country is mulling reduction of value-added tax (VAT) rate on manufacturing industry, reported the Xinhua-run newspaper Ec
August26,2016
Albanian gov't partially exempts small businesses from VAT
The Albanian government has partially exempted small businesses from value-added tax (VAT), Finance Minister Arben Ahmetaj told reporters Tuesday.
October25,2017
MOF, SAT specify coal mining enterprises' input VAT deductions
The Ministry of Finance (MOF) and the State Administration of Taxation (SAT) on Wednesday issued a notice for specifying coal mining enterprises' input value-added tax (VAT) deductions.
November04,2015
Apple, carmakers lower prices after VAT reduced
As a new round of value-added tax rate cuts were implemented starting May 1, Apple Inc and some major automakers cut their product prices in China.
May03,2018
China VAT credit refunds top 420 bln yuan in first half of April
China's value-added tax (VAT) credit refunds topped 420.2 billion yuan (about 65.9 billion U.S. dollars) in the first half of April, data from the State Taxation Administration showed on Tuesday.
April20,2022
China delivers massive tax cuts via VAT reform
China's reform on value-added tax (VAT) has reduced taxes for enterprises by more than 1 trillion yuan (about 150.6 billion U.S. dollars) since its nationwide launch in May last year.
November08,2017
Foreign brands cut prices in China as VAT rates go down
World famous consumer brands including Apple, Louis Vuitton and Gucci have announced their decisions to cut their suggested retail prices to give the gains from China's value-added tax (VAT) cut to consumers.
April02,2019
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