The Chinese Ministry of Finance May 7 posted online Announcement No. 24, extending to Dec. 31 the VAT exemptions and reductions for qualified businesses due to the coronavirus pandemic. The extension pertains to: 1) small and medium-income enterprises (SMEs); and 2) industrial and commercial businesses. [China, Ministry of Finance, 05/07/20]
Reference:
View Announcement No. 24. View Index.
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