Further Extension of Additional VAT “Super Deduction” Policy for the Lifestyle Services Industry in China
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Qualified enterprises operating in the lifestyle services sector in Mainland China will continue to enjoy a 15% “super deduction” of creditable input VAT in the current period. In order to tide businesses over the pandemic, the additional VAT “super deduction” policy for the lifestyle services industry, which was originally due to expire in December 2022, […]