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China raises VAT registration threshold

  • Jan 14, 2019 | Richard Asquith

China raises VAT registration threshold

China has raised its VAT registration threshold from 1 January 2019 from CNY30,000 to CNY100,000 for small businesses. The measure is temporary for the next two years.

The move is part of a range of tax incentives to help prop-up the economy in the face of a slowing global economy and from the effects of international tariff increases. Other measures include:

  • Cuts in stamp duty
  • Reduction in local education taxes on businesses
  • Cut in corporate income tax for small companies from 25% to 20%

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is the former VP Global Indirect Tax at Avalara
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