China adopts law on value-added tax

Xinhua | Updated: 2024-12-25 11:04

Share - WeChat

BEIJING -- Chinese lawmakers on Wednesday voted to adopt a law on value-added tax, a major progress in enforcing the principle of law-based taxation.

The law, which was passed at a session of the Standing Committee of the National People's Congress, the national legislature, will take effect on Jan 1, 2026.

Photo

Event themed with Wurigong held in Hezhe ethnic village of Zhuaji in NE China

Cable-stayed bridge across Yinjiang River joined together

New train schedule takes effect in China

Track-laying for high-speed railway linking Xi'an, Yan'an in Shaanxi completes

Celebration event held in Victoria Park to mark 28th anniversary of Hong Kong's return to motherland

How does the eight-point code profoundly change China?

Latest

State Council News

Policies concerning expats, foreign enterprises in June 2025

Exclusive

What to watch about Sept 3 military parade?

Unmanned vehicle logistics impresses American client

Humanoid robot for all: Even high schoolers can join in

Newsmaker

Nothing stops Hu, 62, from serving his village

Dedicated cardiovascular surgeon helps hearts beat

Ten photos you don't wanna miss

Ten photos from across China: June 20 - 26

Special Coverage

The Real Xinjiang through a Thousand Voices

2025 NPC & CPPCC National Committee annual sessions

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.

Registration Number: 130349