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Policy Interpretation2026-11-05

2026 VAT Law Takes Effect: Stop Guessing on Long-Term Asset Reporting — 500 Ten Thousand is the Threshold; Clear Three-Step Verification Method Explained

Three-step determination method for long-term asset declarations after the VAT Law takes effect, and the impact of the 500 million threshold on input tax deduction and asset classification.

The video covers key points. For specific eligibility criteria, document sources, and filing guidelines, please refer to the policy interpretation article and the original regulation text.

Supporting Policy Interpretation

2026 VAT Law Takes Effect: Stop Guessing on Long-Term Asset Reporting — 500 Ten Thousand is the Threshold; Clear Three-Step Verification Method Explained

Guangdong ICP Record No. 2023092900|Guangdong Provincial Public Security Bureau Network Security Filing No. 44010602013019