Businessman Kevin O’Leary said he believes a forthcoming trade deal with the United States’ and China will serve as a model ...

China's economy showed solid momentum in the first quarter of 2025, with tax data pointing to notable progress in high-quality development. Official value-added tax (VAT) invoice data released by ...

[Photo/Xinhua] BEIJING - China's State Taxation Administration released value-added tax (VAT) invoice data on Tuesday, revealing robust consumer spending in the world's second-largest economy ...

Yet while European countries began rolling out VAT in the 1960s and 1970s, the tax has since been adopted by more than 170 countries, such as China, India, Canada and Mexico. The 19 countries that ...

China has updated its tax refund policy for ... Foreign visitors will now be able to instantly claim VAT rebates at tax-free stores, allowing them to fund further shopping and tourism activities.

This paper explores the implications of a distinctive feature of the value added tax (VAT) that is stressed by practitioners but essentially ignored by theorists: that it functions, in part, as a tax ...

A key feature of the invoice-credit form of value-added tax (VAT) is that some businesses- notably exporters-will pay more tax on their purchases than is due on their sales, and so can seek refunds of ...

An aerial drone photo shows tourists visiting Zhongshan Road in Quanzhou, east China's Fujian Province, May 3, 2025. (Photo ...