Romania approves DTA with China

China’s Ministry of Finance and State Taxation Administration has issued Announcement No. 13 of 2026 on 30 January 2026, clarifying rules on the deduction of input value-added tax (VAT). Effective 1 January 2026, the guidance overrides previous

Romania has issued Government Ordinance (GO) No. 1/2026, amending the Fiscal Procedure Code established under Law No. 207/2015, to transpose the Amending Directive to the 2011 Directive on Administrative Cooperation (DAC9, 2025/872). The

China has lowered the proposed tariffs on certain European Union dairy imports as it wraps up an anti-subsidy investigation, which many view as a response to EU duties on Chinese electric vehicles. Under the final rates shared with EU

China’s Ministry of Finance (MoF) and the State Taxation Administration (STA) have issued Announcement No. 12 of 2026 on 30 January 2026, providing detailed clarification on how taxable sales amounts should be calculated for value-added tax (VAT)

China’s Ministry of Finance and the State Taxation Administration have jointly released Announcement No. 10 of 2026 on 30 January 2026, introducing a comprehensive framework to ensure a "smooth transition" following the implementation of the

The Ministry of Finance and the State Taxation Administration have officially released Announcement No. 11 on 30 January 2026, providing a definitive roadmap for export tax policies under the nation’s newly implemented Value-Added Tax (VAT)