On 3 May 2017, the Ministry of Finance and the State Tax Administration issued a joint announcement listing the categories of goods benefiting from a reduction in the VAT rate from 13% to 11%. The list includes agricultural products, water, natural gas, coal and other 19 kinds of products. The new tax rate will enter into force on 1 July 2017.
«
Previous post
Croatia: CbC reporting requirements implemented
Croatia: CbC reporting requirements implemented
Related Posts
US and China extend trade truce, push for bigger agreement
September 24, 2026
The US and China agreed, on 23 September 2026, to extend their trade truce by two months, pushing the expiration date
Read More
China introduces new VAT withholding rule for individual service providers
September 17, 2026
China’s Ministry of Finance and State Taxation Administration released Announcement No. 28 of 2026 on 3 September
Read More
China sets 20% tax rate on restricted share sales
September 15, 2026
China’s Ministry of Finance, the State Taxation Administration, and the China Securities Regulatory Commission
Read More
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 MoreChina: 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 MoreChina, 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