China Tax & Investment Express Issue No. 2022022 - Expanding the coverage of the full refund policy of input Value-added Tax credits brought forward from previous periods

China Tax & Investment Express (CTIE) brings you the latest tax and business announcements on a weekly basis. We selected some comparatively key announcements to provide for a synopsis and we also provide a link that leads you to the full content of each latest announcement (in Chinese).

Matters covered in this issue include: Public notice (PN) regarding expanding the coverage of the full refund policy of input Value-added Tax (VAT) credits brought forward from previous periods; PN regarding administrative matters related to expanding the coverage of the full refund policy of input VAT credits brought forward from previous periods; Protocol to amend the “Agreement between the Government of the People’s Republic of China and the Government of the Federative Republic of Brazil for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income” and the protocol thereto, signed in Beijing on 5 August 1991; Notice regarding further clarifying the scope of insurance products applicable to the preferential Individual Income Tax policies for commercial health insurance; etc.

Please feel free to contact your EY client service professionals for further assistance if you find the announcements have an impact on your business operations.

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