Tax Newsflash|China passed its first law on VAT
On 25 December 2024, the much-anticipated Value Added Tax (VAT) Law was formally ratified by the Standing Committee of the 14th National People's Congress (NPC) of China and subsequently promulgated as Order No. 41 by the President of the People's Republic of China.1 This new legislation will come i...
Time:2025年04月13日 15:34:21 Read:200℃