IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 25 Jun 2018 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On July 25th, 2018, the Chinese tax authorities released Announcement 42/2018 with several procedural updates to the nation's tax policy.

One such update was the exemption of VAT for income earned by Sino-foreign cooperative educational institutions in China.

The Announcement came into effect on the date of its release.

AFFECTED COUNTRIES

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