Global Trade Alert
Global Trade Alert

China: Extra 15% VAT tax credit for businesses in 'life services' sectors

Announcement

30 Sep 2019

September 30th, 2019 - The Chinese government announced a sector-specific preferential tax policy.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Oct 2019

Revocation date:

31 Dec 2021

Updated: 30 Sep 2019
Tax or social insurance relief

On September 30th, 2019, the Chinese State Taxation Administration released Announcement 2019/87 (hereafter, 'Announcement'), which introduced an extra 15% VAT tax credit for those operati...

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