Announcement
13 May 2020
May 13th, 2020 - The Chinese government announced it exempting cinemas from VAT on most of their income for 2020.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
01 Jan 2020
Revocation date:
31 Dec 2020
Updated: 13 May 2020
Tax or social insurance relief
On May 13th, 2020, the Chinese State Taxation Administration released Announcement 25/2020 (hereafter, 'Announcement'), which introduced four policy instruments to assist the domestic cinema indust...
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