China Tax Agency Announces VAT Refund for Domestic R&D Purchases

The Chinese State Administration of Taxation March 11 announced administrative measures on VAT refunds for R&D related domestic purchases. The measures include: 1) that qualifying companies engaged in R&D are eligible for a full VAT refund on related domestic purchases; 2) the Aug. 31 deadline to file for the refunds; 3) the refund application procedure; and 4) that the measures apply from Jan. 1, 2019 to Dec. 31, 2020, and are based on the VAT invoice issuance dates. [China, State Administration of Taxation, 03/11/20]

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