On 5 March 2019, Mr. Li Keqiang, the Premier declared that the Chinese government is planning to reduce CNT 2 trillion in taxes and fees for companies during 2019. He also included that the government is planning to reduce Value Added Tax (VAT) rates for certain sectors, including a reduction in the rate from 16% to 13% for the manufacturing sector and from 10% to 9% for the transport and construction sectors.
Related Posts
China: STA updates tax rules for foreign individuals dividend income
September 02, 2026
China’s Ministry of Finance and State Taxation Administration released Announcement No. 27 on 1 September 2026,
Read More
China: STA clarifies input tax deduction rules for non-taxable transactions
September 02, 2026
China’s Ministry of Finance and State Taxation Administration released Announcement No. 25 of 2026 on 27 August 2026,
Read More China, Norway income tax treaty enters into force
August 25, 2026
China’s State Administration of Taxation has announced that the new income tax treaty between China and Norway
Read More
Ferro-silicon duties take effect as EU prepares major chemical controls
August 24, 2026
The week was defined by the activation of previously announced trade defence measures rather than the publication of
Read More China, Switzerland conclude negotiations to revise free trade agreement
August 24, 2026
China and Switzerland announced the conclusion of negotiations to optimise their 2013 free trade agreement (FTA),
Read More
China: New offshore trust tax forces wealthy to reassess holdings
August 21, 2026
China’s tax authorities have implemented a 20% levy on offshore trust structures, creating immediate pressure on
Read More