In brief
On 25 December 2025, the State Council issued the long-expected Value Added Tax (VAT) Law Implementation Rules (“Implementation Rules”), which enters into effect on 1 January 2026 along with the PRC VAT Law. In this client alert, we will highlight key provisions in the Implementation Rules that introduce significant changes to the prevailing VAT regime, and provide our observations and perspectives.
Download the full version of China: Tax updates – VAT Law Implementation Rules.
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Jason Wen, Senior Tax Consulting Director, and Jinghua Liu and Luis Zhang, Partners, have contributed to this legal update.
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