Starting from 01.04.2019: China to Reduce VAT Rate

To support the slowing economy, "China will reduce the current 16% value-added tax (VAT) rate for manufacturing and other industries to 13%, while the current 10% VAT rate for transportation and cons-truction industries will be 9%," Premier Li, Keqiang said at the two sessions (Lianghui: NPC & CPPCC) on March 5, 2019.