VAT

China Extends Preferential VAT Policies for Small-Scale Taxpayers

16 April 2021

On 31 March, the State Taxation Administration issued an announcement concerning the exemption of small-scale taxpayers from the collection of value-added tax (VAT) (Announcement No. 5 [2021]). More

hktdc research

China Extends VAT Exemption Policy for Small-Scale Taxpayers

09 April 2021

On 31 March, the Ministry of Finance and the State Taxation Administration issued a joint announcement (No. 11 [2021]) on extending the value-added tax (VAT) exemption policy for small-scale taxpayers. More

hktdc research

China Extends Covid-Related Tax Relief Policies

01 April 2021

On 17 March, the Ministry of Finance and the State Taxation Administration announced an extension to tax relief policies adopted in response to the Covid-19 pandemic (Announcement No. 7 [2021]). More

hktdc research

Successful Pandemic E-Commerce: The UK

17 March 2021

The Covid pandemic has driven the development of e-commerce at an even more breakneck speed than before. The UK is the world’s third-largest e-commerce market and has been the transit station for e-commerce goods from Hong Kong entering the EU single market. After Brexit, however, the customs clearance procedures and other rules businesses have to follow will inevitably become more complicated. More

hktdc research

THAILAND: Overseas E-Service Operators Liable for VAT from September

24 February 2021

VAT is to be payable on services digitally delivered by oversea-based suppliers from 1 September this year. In line with this, all such businesses will be required to register for VAT and to submit monthly returns and associated payments without deducting any output tax. More

hktdc research

China Customs Announces Measures for Implementation of New Catalogue of Encouraged Foreign Investment Industries

11 February 2021

The General Administration of Customs recently issued a circular relating to the implementation of the latest edition (2020 edition) of the country’s Catalogue of Encouraged Industries for Foreign Investment (Order No. 9 [2021]). More

hktdc research

Guangdong Extends Pilot Programme of Input VAT on Agricultural Products

08 February 2021

The Guangdong Provincial Tax Service of the State Taxation Administration and the Department of Finance of Guangdong Province recently announced in a joint circular (No. 5 [2020]) that extends to the soy sauce and fermented black bean manufacturing industries a pilot programme relating to assessment and deduction of input value-added tax (VAT) on agricultural products. More

hktdc research

Departure Port Tax Rebate Policy Implemented in GBA

27 January 2021

On 3 December, the Department of Finance and two other government departments of Guangdong province jointly announced new value-added tax (VAT) policies for the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) (Yue Cai Shui No. 22 [2020]). More

hktdc research

Newly Registered VAT Payers May Now Issue VAT Special Invoices Electronically

27 January 2021

China’s State Taxation Administration recently announced that newly registered value-added tax (VAT) payers across the country may now issue electronic VAT special invoices (STA Announcement No. 22 [2020]). More

hktdc research

UAE: Federal Tax Authority Clarifies VAT Rules for e-Commerce

26 August 2020

United Arab Emirates (UAE) Federal Tax Authority (FTA) has issued a detailed guide clarifying the application of value-added tax (VAT) on goods and services provided through e-commence platforms or digital marketplaces. More

Page of 6