China: Financial sector faces issues on transition to VAT

The European Union executed a significant protectionist shift this week, defined by a sustained and escalating campaign of trade defence actions. The week began with sweeping new controls on Russian industrial materials taking effect and was

China's Ministry of Finance and the State Taxation Administration have jointly issued Announcement No. 22 of 2026 revising the urban land use tax policy on 27 July 2026, phasing out longstanding tax exemptions previously available to energy

China and the US are seeking feedback from businesses and other stakeholders on proposed reciprocal tariff reduction arrangements covering about USD 30 billion in bilateral trade, China's Ministry of Commerce (MOFCOM) said on 23 July

China's State Taxation Administration (STA) has issued Announcement No. 13 of 2026 on 8 July 2026, introducing rules on the special tax treatment applicable to corporate restructuring transactions, including mergers and demergers. China has

After a quiet start, the week in UK trade policy was defined by a massive mid-week surge of activity. The dominant events were a significant liberalisation for Indian agricultural goods, with hundreds of new 0% duties taking effect, and a swift

This week in EU trade policy was a story of parallel streams. While the activation of over 300 pre-scheduled seasonal tariffs on fresh fruit dominated the middle of the week, regulators also signalled a new strategic focus by targeting Chinese glass