Two Authorities Seek Comments on the Implementation Regulations of the Value-Added Tax Law of the People's Republic of China

Recently, the Ministry of Finance (MOF) and the State Taxation Administration (STA) have jointly issued the Implementation Regulations of the Value-Added Tax Law of the People's Republic of China (Draft for Comment) (the "Draft") to solicit public feedback. The deadline for submitting comments is September 10, 2025.

The Draft adheres to the provisions of the Value-Added Tax Law of the People's Republic of China, aligns with the current VAT system, and clarifies specific regulations based on actual conditions and tax administration requirements. It comprises six chapters and 57 articles, including general provisions, tax rates, tax payable, tax preferences, collection and administration, and supplementary provisions. Regarding tax preferences, the Draft proposes the following: First, clarifying the specific standards for items exempt from VAT as stipulated in the Value-Added Tax Law of the People's Republic of China; Second, requiring timely public disclosure in accordance with the law of the scope, standards, conditions, and tax administration measures related to preferential tax policies; Third, establishing rules for situations where taxpayers fail to separately account for items eligible for VAT preferences or unlawfully claim VAT preferences by submitting false materials or using other means.



(Source: http://szs.mof.gov.cn/gongzuodongtai/202508/t20250811_3969788.htm)

Note: The link to the Chinese official website of the document is for your reference.