China is to raise the VAT and Business Tax threshold from Yuan 20,000 to Yuan 30,000 from first October 2015. The declaration was made by the State Council, and will be confirmed by the State Administration of Taxation. The threshold is the annual amount of sales below which businesses or individuals do not have to register and charge Chinese VAT. Furthermore, the Chinese VAT threshold was introduced in August 2013.
Related Posts
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
China grants corporate tax deferral on equipment swaps for chipmakers, machine tool firms through 2028
August 20, 2026
China's Ministry of Finance, State Taxation Administration, National Development and Reform Commission, and Ministry of
Read More
Taiwan tightens corporate tax rules for property leasing entities
August 17, 2026
Taiwan's Central District National Taxation Bureau, under the Ministry of Finance, had amended rules governing
Read More