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China raises VAT registration threshold

  • Jan 14, 2019 | Richard Asquith

China raises VAT registration threshold

China has raised its VAT registration threshold from 1 January 2019 from CNY30,000 to CNY100,000 for small businesses. The measure is temporary for the next two years.

The move is part of a range of tax incentives to help prop-up the economy in the face of a slowing global economy and from the effects of international tariff increases. Other measures include:

  • Cuts in stamp duty
  • Reduction in local education taxes on businesses
  • Cut in corporate income tax for small companies from 25% to 20%

Latest Chinese news


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 won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
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