China Clarifies Deduction of Input VAT and Other Matters

China's Ministry of Finance and State Administration of Taxation jointly issued Announcement No. 13 of 2026 on 30 January 2026, concerning the deduction of input VAT and other matters under the country's new Value Added Tax Law, which took effect on 1 January 2026. As previously reported, the Law largely consolidated China's VAT policy, with some important adjustments and clarifications. Simi…