Michaela Merz

CHINA: Reduction of VAT rates per 1 April 2019

1 Comment

It was confirmed that the standard manufacturing rate of 16% will be reduced to 13%. The transport and construction rate will be reduced from 10% to 9%. The lower rates 6% and 3% will remain unchanged. There might be further changes following shortly in order to simplify the VAT system. There are only few days to implement all necessary changes properly.

 

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One thought on “CHINA: Reduction of VAT rates per 1 April 2019

  1. Pingback: Reduction of VAT rates per 1 April 2019 - VATupdate

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