China’s Ministry of Finance issued Announcement No. 11 on 31 January 2026, establishing new VAT and consumption tax rules for exported goods and cross‑border services. The announcement, effective 1 January 2026, sets criteria for VAT exemption, outlines refund rates and formulas, specifies consumption‑tax exemptions, and requires export tax refunds to be claimed within 36 months. It also repeals earlier notices.
They entered into force on 1 January 2026.
Export tax refunds must be claimed within 36 months of the transaction.
It includes rules for determining whether export and deemed export transactions qualify for VAT exemption.
It sets conditions for consumption‑tax exemptions on exported taxable goods.
It outlines refund rates, calculation bases, and formulas for export VAT.
Get VAT and indirect tax news delivered to your inbox twice a week.
No spam. Unsubscribe anytime.
Bloomberg Tax · about 8 hours ago
The Chinese Ministry of Finance issued Announcement No. 15/2026 on Feb 2 2026, outlining interim measures for input VAT deductions on long‑term assets. The measures clarify the scope of long‑term fixed assets, set a 5 million‑yuan threshold for mixed‑use assets, and define the adjustment period for deduction. These rules apply to assets acquired from Jan 1 2026 or recognized before Dec 31 2025.
Mobile World Live · 1 day ago
China’s government has reclassified mobile data, broadband access, SMS and MMS as basic telecom services, raising the VAT rate from 6% to 9%. HSBC estimates the hike will reduce China Mobile’s 2026 net profit by 6%, China Telecom’s by 12% and China Unicom’s by 13%, with overall earnings for operators falling 6% to 13%. The change is expected to affect mobile operators’ revenue streams significantly in 2026.
Mobile World Live · 3 days ago
China’s Ministry of Finance and State Taxation Administration has reclassified certain telecom services, raising the VAT rate from 6% to 9% on mobile data, SMS, MMS, and broadband access. The change takes effect from the beginning of 2026, prompting operators to consider price adjustments or bundle redesigns to mitigate revenue impacts.
MarketScreener · 4 days ago
China Telecom and China Unicom will be subject to a 9% VAT rate on core telecom services, as announced on 1 February 2026. This marks a change in the VAT treatment for these services. The announcement highlights the new rate for the companies' core telecom operations.
Fiscal Solutions · 15 days ago
China’s State Taxation Administration announced new mandatory VAT registration rules effective 1 January 2026, requiring businesses with annual taxable sales above RMB 5 million to register as general VAT taxpayers. The announcement introduces retroactive compliance, mandatory registration for specific sectors, and automatic reclassification for late registrants, increasing compliance risk for businesses near the threshold.
ChemAnalyst · 17 days ago
China’s Ministry of Finance announced the cancellation of VAT export rebates for photovoltaic glass products effective 1 April 2026, which is expected to give a short‑term boost to soda ash prices. Battery product rebates will be phased out during 2026 and fully eliminated by 2027. The policy, declared on 9 January 2026, is part of a broader effort to curb excess inventory in the soda ash market.
