new policy regulationGeneral taxpayer registration management update

The Announcement of the State Administration of Taxation on Matters Relating to the Registration and Management of General Taxpayers for Value-added Tax (No. 2 of 2026) is clear:

If the annual taxable sales exceed the standard for small-scale taxpayers, they shall apply for general taxpayer registration unless otherwise specified. The Announcement of the State Administration of Taxation on Several Matters Concerning the Registration and Management of General Taxpayers for Value-added Tax (No. 6 of 2018) and the Measures for the Administration of the Tax Counseling Period for General Taxpayers for Value-added Tax (Guoshuifa [2010] No. 40) are repealed at the same time.

New Policy: VAT Policy on Individual Sales of Housing Clarified

The Announcement of the Ministry of Finance and the General Administration of Taxation on the VAT Policy on the Sale of Housing by Individuals (No. 17 of 2025) clarifies that individuals (excluding general taxpayers among individual industrial and commercial enterprises) selling housing purchased less than 2 years ago are subject to VAT at the rate of 31 TP3T. Sales of housing purchased for more than 2 years (including 2 years) are exempted from VAT. VAT on sales of housing not declared and paid before January 1, 2026 may be applied in accordance with the new regulation if it is in line with the new regulation.

New rules of policy:New rules for credit evaluation of tax-related professional services

The Announcement of the State Administration of Taxation on the Issuance of Measures for the Administration of Credit Evaluation of Tax-Related Professional Services (No. 1 of 2026) was issued, covering the whole process of management of credit scores, rating evaluation, application of results and credit repair. The new regulation came into effect from January 1, 2026 onwards. For organizations previously included in the evaluation, the credit score for the year 2025 will be implemented according to the old regulations, and the credit rating will be implemented according to the new regulations.

Cross-border dynamics:Amazon releases sellers' Q3 tax filing information

A few days ago, Amazon synchronized with Chinese sellers have submitted the first quarterly report for July-September 2025 to the Chinese tax authorities. This report covers 10 key contents such as seller identification number, operation site, company name, unified social credit code, the quarter to which it belongs, total revenue, refund amount, net income, total platform commission and service fee, and the number of orders, etc. Sellers can download the report through the red link in the email (the link is valid within 7 days).

Cross-border dynamics:Shopee expects to charge sellers 5% for technical services

Recently, Shopee announced that it expects to charge all sellers a 5% technical support fee from February 2026 onwards across its four sites in Singapore, Malaysia, Thailand and Vietnam. The fee will apply to all orders generated after the policy comes into effect and will be deducted directly from sales at a fixed percentage after the order is completed. Regardless of whether the store type is cross-border direct mail, official warehouse or third-party warehouse, this new regulation is required to be implemented. In order to alleviate the pressure of sellers' operation, Shopee will also distribute advertising money to eligible sellers according to their growth and marketing needs.

Go out to sea and observe:TikTok Officially Enters the Micro-Short Drama Space

TikTok has officially entered the micro-drama space with the launch of "TikTok Minis," a new section that allows users to watch directly from within the app without having to jump through hoops. TikTok's new "TikTok Minis" program allows users to watch directly from within the app without having to skip a beat. The program is based on a free preview+pay to unlock model, which allows viewers to watch 8-10 episodes for free and then choose to either pay $10 for the full series or a monthly subscription of $40-$80 for unlimited episodes.

Overseas Insight: Italy's new VAT rules in full swing

The new Italian value-added tax (VAT) regulations are in full swing, non-EU companies and EU companies registering for VAT through a tax representative are required to pay a deposit of 50,000 euros (about 412,000 yuan) within 60 days, and those who don't pay on time will face the consequences of cancellation of the EU tax code and restriction of Amazon FBA warehouses. Sellers can apply for Hague certification with a bank guarantee or insurance bond instead of cash payment. At present, the United Kingdom, Germany and other European countries are upgrading tax regulation, cross-border e-commerce "barbaric growth" era has come to an end, and compliant operation has become a mandatory option for rooting in the European market.

International news: Venezuela's oil exports paralyzed

Trump announced that the oil embargo against Venezuela is in full effect, paralyzing its oil exports, with no tankers loading at the port of José, several loaded tankers not departing, and ships to be loaded sailing away empty. Trump also revealed that the crackdown was delayed due to weather, and that the U.S. would be deeply involved in the Venezuelan oil industry and the country's governance.

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