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China Issues Notice on Enhanced Procedures for Claiming Input VAT Deductions on Imported Goods

|Approved Changes|China
China

China's State Administration of Taxation has published Announcement No. 3/2017 on enhanced audit procedures to monitor input VAT deductions on imported goods. According to the announcement, the enhanced procedure is put in place to strengthen import VAT refund management and counter VAT fraud. The enhanced procedures include more detailed information requirements on import VAT payment documentation for customs and an audit procedure by the authorities to verify claims for an input tax deduct…

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