China Tax Cuts and Reforms 2019

Published: 18.03.2019 Related countries:  China China

The National People’s Congress in March 2019 has introduced several new tax measures with focus on GDP growth and the social development goals.

The National People’s Congress in March 2019 has introduced several new tax measures with focus on GDP growth and the social development goals. China will reduce VAT from the current 16% and 10% to respectively 13% and 9% and will mainly involve enterprises operating in the manufacturing, transportation and construction industries. Seminar will focus on new tax benefits for 2019: new Company Income Tax 5% for Thin-Profit, new 6-years global tax system, new Personal Tax, new VAT rates for 2019.