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New VAT Regime: Circular 37 Impact on Foreign Logistics

(October 18th, 2013)

by Sven Rücker, ECOVIS Düsseldorf, Germany
On 24th May 2013, the Ministry of Finance and the State Administration of Taxation issued a new VAT circular (Cai Shui [2013] No. 37 or Circular 37) for the transportation industry, which expanded the current Business Tax (BT) to Value-Added Tax (VAT) (B2V) pilot programme nationwide. Circular 37 came into effect nationwide on 1st August 2013.

A summary of the impact of circular 37 was also given by GTAI (Germany Trade & Invest), the economic development agency of the Federal Republic of Germany.

This summary is to be found using the link shown below. Please note that this summary only gives a first overwiew. For further information please call your Ecovis partner in the People’s Republic of China.



Author:
Richard Hoffmann
richard.hoffmann@ecovis.com
Office website

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