China VAT rate simplifications
- May 5, 2017 | Richard Asquith
China’s tax authorities have confirmed to proposals to reduce the number of VAT rates from 4 to 3. Goods such as farm produce, water, coal and gas will be reclassified from 13% to 11%.
The new three-rate band – 17%, 11% and 6% - will come into effect on 1 July 2017.
The annual VAT registration threshold will also rise to Yuan 500,000 from the current Yuan 300,000.
Latest Chinese news
Total results : 4
avalara:content-tags/asset-type/blog-post,avalara:content-tags/location/world/apac/china,avalara:content-tags/tax-type/vat,avalara:content-tags/primary-blog-tags/vatlive/location/asia/china
Jan-11-2023
Union vs non-Union OSS: what’s the difference?
avalara:content-tags/asset-type/blog-post,avalara:content-tags/location/world/apac/china,avalara:content-tags/tax-type/vat,avalara:content-tags/primary-blog-tags/vatlive/location/asia/china
Nov-8-2022
UK VAT Guide - Avalara
avalara:content-tags/asset-type/blog-post,avalara:content-tags/location/world/apac/china,avalara:content-tags/tax-type/vat,avalara:content-tags/primary-blog-tags/vatlive/location/asia/china
Jul-4-2022
North America Country VAT Guide - Avalara
VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax
Richard Asquith
Richard Asquith is the former VP Global Indirect Tax at Avalara