《中华人民共和国增值税法》全文发布！2026年1月1日起施行

Core Points - The new Value-Added Tax (VAT) Law of the People's Republic of China was passed on December 25, 2024, and will take effect on January 1, 2026 [1][8] - The law aims to establish a VAT system that supports high-quality development, standardizes tax collection, and protects taxpayers' rights [2][3] Chapter Summaries Chapter 1: General Principles - The VAT system is designed to serve the national economic and social development [2] - Taxpayers include individuals and entities engaged in taxable transactions within China [2][3] Chapter 2: Tax Rates - The standard VAT rate for most goods and services is set at 13% [5] - A reduced rate of 9% applies to specific sectors such as transportation and real estate [5] - Certain goods and services, including agricultural products and medical services, are exempt from VAT [24] Chapter 3: Tax Payable - Tax payable is calculated as the difference between output tax and input tax [14] - Special provisions exist for small-scale taxpayers, allowing simplified tax calculations [14][15] Chapter 4: Tax Incentives - Small-scale taxpayers with sales below a certain threshold are exempt from VAT [23] - Various sectors, including agriculture and education, are eligible for VAT exemptions [24] Chapter 5: Collection Management - VAT obligations arise at the time of transaction completion or receipt of payment [28] - Taxpayers must declare and pay VAT to the relevant tax authority based on their operational location [29] Chapter 6: Supplementary Provisions - The new VAT Law will replace the previous interim regulations starting January 1, 2026 [38]