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Global Trade Alert

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China: Commercial income on heating services exempt from VAT for certain areas

Description

On April 3rd, 2019, the Chinese State Taxation Administration released Caishui 2019/38, which enacted a policy of VAT exemption on income for firms providing heating services. In addition, property an...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2019

Revocation date

01 Apr 2021

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

location-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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