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China Tax & Investment Express Issue No. 2023003 - Value-added Tax (VAT) reduction and exemption policies for VAT taxpay
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 Value-added Tax (VAT) reduction and exemption policies for VAT taxpayers; PN regarding tax collection and administration matters related to the VAT reduction and exemption policies for VAT taxpayers; PN regarding matters related to annual Corporate Income Tax filing; Notice regarding optimizing certain tax service items; Administrative Measures on the Review and Registration of Enterprises’ Medium and Long-term Foreign Debts; Notice regarding further expanding the use of RMB in cross-border trade and investment and promoting trade and investment facilitation.
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.