MEDTECH NEWS
New Chapter in Greater Bay Area Development: Hengqin Guangdong-Macao In-depth Cooperation Zone Implements VAT and Consumption Tax Refund Policies
01 03 2024The Hengqin Guangdong-Macao In-depth Cooperation Zone introduces VAT and consumption tax refund policies effective from March 1, 2024, to boost economic integration and development, marking a strategic effort to enhance business and trade attractiveness by treating certain imported goods as exports and facilitating tax refunds for qualifying businesses, thus fostering greater economic synergy between Guangdong province and Macao.