China Clarifies Upcoming Export VAT Refund Procedures
China recently clarified upcoming procedures for obtaining export value-added tax refunds, according to a Nov. 7 post from the Hong Kong Trade Development Council. China specified that general VAT taxpayers may claim tax credits or export VAT refunds through the…
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Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
online “VAT invoice confirmation platform of their home province,” the report said. VAT payers with a Customs Bill of Payment “with information relating to multiple VAT payers” should first upload all documentation “for verification by the tax authorities," HKTDC said. The procedures are scheduled to take effect Feb. 1, 2020.