China Provides VAT Support Measures for the Services Industry
China's Ministry of Finance and State Administration of Taxation have jointly issued Announcement No. 11 of 3 March 2022, which provides VAT measures to support certain taxpayers in the services industry. This includes an extension to 31 December 2022 of the increased input VAT deduction that was originally introduced by Announcement No. 39 of 19 March 2019 from 1 April 2019 to 31 December 20…
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