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China extends VAT registration threshold

  • VAT
  • 24 November 2017 | Richard Asquith

China extends VAT registration threshold

China’s Ministry of Finance and the State Administration of Taxation have agreed to extend the current VAT registration threshold till 2020.

Currently, the exemption from VAT registration of Yuan 30,000 per month is due to expire on 1 January 2018.  It has now been extended until 1 January 2021.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.