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China's Ministry of Finance Consulting on Implementing Regulations for New VAT Law

|Approved Changes|China
China

China's Ministry of Finance has published draft Regulations for the implementation of the country's new Value Added Tax Law, which was adopted on 25 December 2024 and takes effect on 1 January 2026. The public consultation period for the draft regulations is open until 10 September 2025.

As previously reported, the Law is largely in line with China's current VAT policy, but with some importa…

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