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China VAT rate simplifications

  • May 5, 2017 | Richard Asquith

China VAT rate simplifications

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.


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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is the former VP Global Indirect Tax at Avalara