China Tax Agency Announces Changes to End-of-Period VAT Refund Policy

The Chinese State Administration of Taxation Aug. 22 announced changes to the end-of-period VAT refund policy. The announcement includes: 1) that starting from the VAT filing period in September 2025, eligible general VAT payers may apply to the competent tax authorities for refunds of their end-of-period retained tax credits; 2) that taxpayers in industries such as manufacturing, scientific research and technical services, software and information technology services, and ecological protection and environmental management may apply to the competent tax authorities on a monthly basis for a refund of their end-of-period retained tax credits; 3) conditions for specified taxpayers in the ...