China’s new VAT Law effective 1 Jan 2026 introduces updated thresholds for small‑scale taxpayers. Monthly and quarterly thresholds remain at RMB 100,000 and RMB 300,000, while the per‑transaction threshold is doubled to RMB 1,000. Natural persons in six specific activities must aggregate sales monthly, affecting foreign‑invested enterprises’ supplier and invoicing practices.
It is RMB 1,000 per transaction/day, doubled from the previous RMB 500.
Activities such as bond interest, property leasing, platform‑based income, scrap sales via reverse invoicing, agent services, and other STA‑designated cases must aggregate sales monthly.
They apply from 1 January 2026 through 31 December 2027.
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