Provisional for Thirty-Two Years

On December 13, 1993, the State Council issued the Provisional Regulations on Value-Added Tax (增值税暂行条例). China’s VAT rested on these “provisional” rules for more than three decades. On December 25, 2024, the NPC Standing Committee adopted the VAT Law. It took effect on January 1, 2026, and the provisional regulations were repealed on the same day.

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