Did you know you can save up to 16% on imports from China through its VAT refund policy?
China is popularly known as the world’s factory. One of the prime reasons of how China is able to offer such competitive pricing on its produce is the tax support from its government. Apart from the economies of scale that the factories utilize as one of the factors for lower costs, Chinese export policy also entitles export entities to a refund on the VAT paid. When an exporter buys or makes products in China, the whole supply chain downstream had already paid tax on the com