China approves value-added tax law, effective January 2026

Tribune Online
China approves value-added tax law, effective January 2026

China has officially approved a new Value-Added Tax (VAT) law, set to take effect on January 1, 2026.  The legislation passed during the National People’s Congress Standing Committee session that concluded on December 25, consolidates existing regulations into a single legal framework. VAT, which constitutes the largest tax category in China, accounted for approximately 38% […]

China approves value-added tax law, effective January 2026
Tribune Online