Legislation roundup: Value-added and consumption taxes, and online rumors

December 05, 2019 | BY

Susan Mok

Law drafts are released on value-added and consumption taxes redefining eligible taxpayers while online audio and video information service providers are required to establish a rumor refutation mechanism.

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Tax

Ministry of Finance and State Administration of Taxation, PRC Value-Added Tax Law (Draft for Comments)

财政部、国家税务总局中华人民共和国增值税法 (征求意见稿)

The value-added tax threshold is a quarterly sales turnover of Rmb300,000. Entities and individuals