China’s New Value-Added Tax (VAT) Law, set to take effect on January 1, 2026, represents a transformative milestone in the country’s tax framework. By transitioning from administrative regulations to national legislation, the law introduces a more structured and transparent tax system. Key updates include refined tax rules, simplified rates, and enhanced compliance procedures, all designed to create a more predictable and business-friendly tax environment.

To help businesses navigate these changes, assess their impacts, and prepare for compliance in this evolving landscape, we are pleased to have Freda Fang, our Assistant Manager of Corporate Accounting Services in Shenzhen, share her expert insights. With years of hands-on experience in China’s tax and accounting sector, Freda will delve into the following critical topics:

• Key changes in the New VAT Law, including tax rates, taxable transactions, and compliance procedures.
• Practical implications for businesses, especially SMEs and foreign enterprises.
• Strategies to adapt to the new tax landscape and minimize compliance risks.