Chinese Tax Regulation Update - January & February 2025

China

The latest development in China Tax Regulation mainly includes:

  • Amendment to the "zero-tariff" policy on raw and auxiliary materials in the Hainan Free Trade Port (“HFTP”)
  • Updates on the matters regarding the issuance of the PRC tax resident certificates (“TRCs”)
  • Policies of “VAT refund upon exit” applicable to exports to overseas warehouses under the cross-border e-commerce (“CBEC”) model

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