To know more about China’s tax filing deadlines and the consequences of missing the deadlines, please read our article here. The VAT Law officially passed, effective January 1, 2026 The Value-Added ...

Vietnam will scrap an existing regulation that exempts low-value imported goods from value-added tax (VAT) and import taxes ... to five million small-value orders are shipped daily from China to ...

Indonesia has diluted a planned hike in the country’s value added tax (VAT) due to growing public discontent, just hours before the increase came into effect. Under tax legislation passed in 202 ...

China Virus Outbreak News: There is no confirmation from Chinese health officials or the WHO regarding any such epidemic or state of emergency in China. Though users on Social media are sharing about ...

JAKARTA: (Bernama-Xinhua) Indonesia on Wednesday (Jan 1) started to impose a 12 per cent value-added tax (VAT) on luxury goods and services, a one per cent hike, reported Xinhua. This has ...

Six months after the government’s historic landslide election victory, its controversial plan to put VAT on private school fees has come into effect. Following the donorgate scandal and the ...

China was one of the important factors pushing the three firms to contemplate a merger. This year has been troubling for almost all foreign carmakers in that country, which boasts the world’s ...

China’s go-go days are behind it as the world’s second-largest economy struggles with the bursting of the biggest real-estate bubble ever. Now, China’s goal of overtaking the U.S. as the ...

The VAT rate will be increased to 12% only for goods and services that are already subject to existing luxury tax, such as private jets, yachts and pricier houses, President Prabowo Subianto said ...

By Daisuke Wakabayashi and Claire Fu China’s top leader, Xi Jinping, veered momentarily from his usual talking points in a New Year’s address to acknowledge the challenges of the country’s ...

Parents who send their children to private schools could face higher fees from today as the government's flagship VAT policy comes into force. Labour on Wednesday scrapped the VAT exemption for ...

By raising VAT, Indonesia aims to boost the economy, particularly in sectors such as manufacturing, trade, digital industries, and even other informal sectors. Enditem Follow China.org.cn on ...