• Share

    Share via...

    • Facebook
    • WhatsApp
    • LinkedIn
    • Twitter
    • E-Mail
    • Pinterest
  • Client areaClient Login
  • EN
  • DE
  • Career
  • Home
  • About us
  • Audit
    • Audit and Assurance
    • Internal Audit and Compliance
    • Transaction Services
  • Legal & Tax
    • Corporate Governance
    • Mergers & Acquisitions
    • Employment Law
    • General Corporate Matters
    • Risk Advisory and Whistleblower
    • Tax Advisory
    • Tax Compliance Services
  • Bookkeeping
    • Accounting
    • Payroll
    • Treasury and secretarial services
    • Tax Filing
    • Financial Controlling
  • Team
  • News & Events
  • Locations

Ebner Stolz Asia

Taxes

Adjustment of VAT rates as of May 1, 2018

person
By Lena May 2, 2018

According to circular Caishui [2018] No. 32, issued by the Ministry of Finance on April 4, 2018, the following new rules will apply effective May 1, 2018:

  • For the manufacturing and trading industry and other sectors that are subject to 17%, the VAT rate will be lowered to 16%.
  • For transportation, construction and basic telecommunication services and other sectors that are subject to 11%, the VAT rate will be lowered to 10%.
  • The deduction rate for purchased agricultural products is lowered from 11% to 10%. If the agricultural products are purchased for production, sale or consignment process of the goods that are subject to 16% VAT, the deduction rate will be 12%.
  • For products and services, for which the export VAT refund rate was 17% in the past, the export VAT refund rate will be adjusted to 16%.
  • For products and services, for which the export VAT refund rate was 11% in the past, the export VAT refund rate will be adjusted to 10%.
  • For exported services and products purchased by the exporter before May 1, 2018, the VAT refund rates valid before the Adjustment will still be applied until July 31, 2018.

 

News & events

All news & events

  • Ebner Stolz supports Hengst Filtration in the Acquisition of the Chinese Air Filtration Specialist CSC-Tech July 10, 2025 by Lily Sun
  • Download our year-end China law review January 8, 2025 by Catherine Yan
  • Trends & Developments in Chinese eCommerce December 16, 2024 by Dr. Gerald Neumann
  • Observation: Escalating Difficulties in Company’s Tax Refunds December 16, 2024 by Eloise Yao
  • General Financial Reporting When Doing Business in China December 16, 2024 by Lily Sun
  • Deepening China’s Legal Framework on Data Protection: from the Cybersecurity Law to the Regulations on Promoting and Regulating Cross-border Data Flows December 16, 2024 by Catherine Yan
  • event
    Conference wrapped up at Ebner Stolz’s New Office: “New Developments and Opportunities in the Chinese-German Investment Landscape. June 6, 2024 by Dr. Gerald Neumann
  • person
    A glimpse into the sprint phase of “Made in China 2025”: A German investor faces new demands for localization of imported products in the Chinese market June 4, 2024 by Dr. Nataliya Esakova & Sven Stuckmann

Sign up for our newsletter to receive news and insights on business in China

Check your inbox or spam folder to confirm your subscription.

Representing you through 3 offices in China and Southeast Asia

Beijing
Bangkok
Shanghai
  • Shanghai
  • Bangkok
  • Beijing

Get in touch

  • Site Links
    • Home
    • About us
    • Team
    • News & Events
    • Career
  • Expertise areas
    • Audit and Assurance
    • Internal Audit and Compliance
    • Transaction Services
    • Corporate Governance
    • Mergers & Acquisitions
    • Employment Law
    • General Corporate Matters
    • Risk Advisory and Whistleblower
    • Tax Advisory
    • Tax Compliance Services
    • Accounting
    • Payroll
    • Treasury and secretarial services
    • Tax Filing
    • Financial Controlling
  • News & Events
    • All News & Events
    • Our Events
    • Accounting News
    • China News
    • Law News
    • Ebner Stolz News
    • HR News
    • Tax News
  • Follow us on linked.in
  • Imprint
  • Privacy Policy