The tax policy in the concrete industry has undergone a historic adjustment: bidding farewell to the 3% simple tax calculation and fully

According to Article 6 of the “Announcement on the Connection of Value added Tax Preferential Policies after the Implementation of the Value added Tax Law” jointly issued by the Ministry of Finance and the State Administration of Taxation (Announcement No.

10 of 2026 of the Ministry of Finance and the State Administration of Taxation), the domestic value-added tax preferential policies issued before December 31, 2025 will be fully terminated from January 1, 2026.

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