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Description
On 3 September 2023, China’s State Taxation Administration announced a VAT tax deduction for companies in the advanced manufacturing sector. The deduction applies retrospectively from 1 January 2023 a...
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Intervention Details
Intervention Type
Tax or social insurance relief
MAST Chapter
L: Subsidies (excl. export subsidies)
Implementation date
01 Jan 2023
Revocation date
31 Dec 2027
Implementation level
National
Affected flow
Inward
Announced as temporary
Yes
Eligible firms
all
Affected Trading Partners
Table
Affected Sectors
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Affected Products
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