China

China announces measures to simplify its VAT regime, and support small businesses during the COVID crisis...Continued

Following successful electronic special fapiao invoice trials in the Ningbo city of Zhejiang province in September, subsequently expanded to Hangzhou city of Zhejiang and Shijiazhuang city of Hebei Oc...Continued

China has launched last month a series of electronic invoice trials to update the existing fapiaos paper-based government controlled system. Also known as the Golden Tax System. Initially, this will b...Continued

The Chinese Ministry of Finance has announced plans to harmonise the 6% City Maintenance & Construction and the 3% Construction Services levies with Chinese VAT...Continued