Tax News

📅 Reporting Period October 1, 2026 — October 31, 2026 I. Key Policy Updates This Month 1.1 October Major Filing Period Extended to the 26th Date: October 26, 2026 Source: STA Office Notice on Clarifying 2026 Filing Deadlines (Shui Zong Ban Zheng Zheng Ke Han [2025] No. 64) Due to the National Day holiday from October 1–7 (7 days off), per Article 109 of the “Implementation Regulations of the Tax Collection and Administration Law,” the October filing deadline is extended to October 26 (Monday)....

📅 Reporting Period September 1, 2026 — September 30, 2026 I. Key Policy Updates This Month 1.1 New VAT Non-Taxable Transaction Rules Take Effect (6 Green, 4 Red) Date: September 1, 2026 Source: Ministry of Finance & STA Announcement No. 25 of 2026 Effective September 1, 2026, the “Announcement on Clarifying VAT Matters for Non-Taxable Transactions” officially takes effect, using a “positive list + negative-list” approach to draw the line on input tax deductions for non-taxable transactions, and clearing up a grey area left by the VAT Law Implementation Regulations....

📅 Reporting Period August 1, 2026 — August 31, 2026 I. Key Policy Updates This Month 1.1 “Accounting Standard for Business Enterprises No. 30 — Presentation of Financial Statements” Issued Date: August 5, 2026 Source: Department of Accounting, Ministry of Finance The Ministry of Finance issued the revised “Accounting Standard for Business Enterprises No. 30 — Presentation of Financial Statements,” with updated rules on how statements should be presented. Key Changes:...

📅 Reporting Period July 1, 2026 — July 31, 2026 I. Key Policy Updates This Month 1.1 Six Months of VAT Law Implementation: Supporting Policies Continue to Improve The “Value-Added Tax Law of the People’s Republic of China” officially took effect on January 1, 2026. In July, the Ministry of Finance and the State Taxation Administration kept issuing follow-up rules on how the law works in practice. Key Focus in July:...