💰 Tax
Value-Added Tax Law of the PRC (2024) · Yalla China
قانون ضريبة القيمة المضافة (2024) / Value-Added Tax Law of the PRC (2024)
Enacted: 2024-12-25 ✅ Effective: 2026-01-01
📝 Overview
Codifies China's VAT system for the first time in a formal law, defining tax rates and exemptions.
This is general information only, not legal advice. For your specific case, consult a licensed lawyer.
📜 The law text / key provisions
The Value-Added Tax Law (2024) provides: (1) Rates: 13% for basic goods, 9% for selected services and real estate, 6% for other services; (2) Taxpayers: entities and individuals providing goods, services, or importing goods; (3) Tax credit: registered companies can deduct input tax from output tax; (4) VAT invoice: official invoice (fapiao) required for tax deduction; (5) Foreign companies: services imported from foreigners subject to VAT in China.
💬 Practical reading
💬 This is a general reading/opinion for orientation — not the official legal text nor legal advice.
In your business transactions in China, always request the official fapiao invoice to be able to deduct VAT. An unofficial invoice does not allow tax deduction.
📎 Official source
National People's Congress of China
🕒 Updated: 16 March 2026