OrbitaxChina Provides Detailed Rules on VAT Treatment of Long-Term Assets
|Approved Changes|China
China's Ministry of Finance and State Administration of Taxation jointly issued Announcement No. 13 of 2026 of 30 January 2026, which includes interim measures on the deduction of input tax (VAT) on long-term assets. The measures are effective from 1 January 2026.
General Rules
Announcement No. 13 of 2026 sets out the rules for the purpose of deducting input tax and making required adjustm…