China's State Council has issued Decree No. 826, which contains the regulations for the implementation of the country's new Value Added Tax Law. The Decree was passed by the State Council on 19 December 2025 and published on 30 December 2025. As previously reported, the Law was adopted on 25 December 2024 and takes effect on 1 January 2026. It is largely in line with China's prior VAT policy, but with some important adjustments and clarifications. The regulations are broken down into six ma…