Event Brief
Dec 21, 2025 at 5:07 AM ET
China's cabinet clears path for VAT law next month
By The BriefBrief
The State Council has approved draft regulations for China's new VAT law, set to take effect early next year.
WHO: China's State Council
WHAT: Approval of draft regulations for VAT law
WHEN: Dec 20, 2025 at 7:00 PM ET
WHERE: China
WHY: To govern the country's largest source of tax revenue
How this brief is built: The BriefBrief correlates multiple sources into one evolving event brief, updated as new facts emerge.
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