To ensure a smooth implementation of the Value-added Tax (VAT) law effective 1 January 2026, China’s Ministry of Finance and the State Taxation Administration released the draft Implementation Regulations on 11 August 2025 for public consultation. The draft Regulations proposed some key refinements to the current VAT framework, including the new input VAT allocation for long-term assets, general anti-avoidance rules and clarified treatment for mixed sales, etc. During this webcast, we have covered key clarifications and new measures introduced in the draft regulations, its potential impacts on businesses operating in China, and the way forward.(Live Presentation was aired on 18 Sep 2025)

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