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China Tax & Investment Express Issue No. 2022019 - Further continuing to accelerate the implementation of the refund policy of input Value-added Tax credits brought forward from previous periods
China Tax & Investment Express (CTIE) brings you the latest tax and business announcements on a weekly basis. We selected some comparatively key announcements to provide for a synopsis and we also provide a link that leads you to the full content of each latest announcement (in Chinese).
Matters covered in this issue include: Public notice regarding further continuing to accelerate the implementation of the refund policy of input Value-added Tax (VAT) credits brought forward from previous periods; Notice regarding strictly cracking down criminal offense of defrauding VAT credit refunds; Notice issued by the Shenzhen Customs and Shenzhen Municipal Tax Service, State Taxation Administration regarding matters related to implementing the collaborative management of transfer pricing of related party imported goods; Notice regarding matters related to the recognition of research and development institutions eligible for import-level tax policies for supporting technology innovation in Shanghai Pudong New Area; Notice regarding launching the pilot program of “Replacing Approval with Record-filing” for the recognition of 2022 High and New Technology Enterprises in Beijing; etc.
Please feel free to contact your EY client service professionals for further assistance if you find the announcements have an impact on your business operations.