State Council, PRC Tentative Regulations on Value-added Tax (Revised)

国务院中华人民共和国增值税暂行条例 (修订)

December 18, 2008 | BY

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VAT system changed from production-based to consumption-based.

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Promulgated: November 10 2008
Effective: January 1 2009

Main Contents: According to the revised Regulations, the following input tax amounts may not be deducted from the output tax amounts: