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China Tax & Investment Express Issue No. 2022041 - The collection of Consumption Tax on electronic cigarettes
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 (PN) regarding the collection of Consumption Tax (CT) on electronic cigarettes; PN regarding matters related to the collection of CT on electronic cigarettes; Catalogues of Encouraged Industries for Foreign Investments (2022 Version); Notice regarding the plan of work division for key tasks of the 10th teleconference for deepening the reform of “delegate power, streamline administration and optimize government services” nationwide; Policy measures on focusing on the manufacturing industry to promote the expansion, stabilize the stock and improve the quality of foreign investment.
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.