CHINA TOPIX

03/29/2024 08:44:42 am

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new VAT rules in China

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China's Looming VAT Reform May Affect Metals Importers

China's economy may be slowing down, but the country is not ready to give in just yet. Next month, the Chinese government is planning to implement its revamped value-added tax (VAT) that would replace business taxes and expand three crucial sectors: real estate, finance, and consumer services.

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