circular 37

Case: VAT Refund China – VAT Reform – Deadline March 31st 2014!

by Richard Hoffmann, ECOVIS Beijing China The deadline for the VAT refund in Beijing is approaching fast – just 2 months left until March 31st, the last day in which companies can apply for it. (more…)

New VAT Regime: Circular 37 Impact on Foreign Logistics

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...

VAT refund and exemption according to Announcement 52

By Richard Hoffmann, ECOVIS Beijing China The new implementation rules for cross-boarder services, announced on 13th of September by China’s State Administration of Taxation (SAT), are a significant change for many companies whether they are importing or exporting services from or...

Brief Overview of China’s VAT Reform and its Impact on Companies

By Richard Hoffmann, ECOVIS Beijing China The indirect tax system in China is undergoing a significant reform with the objective of gradually unifying its Business Tax (BT) and VAT system. (more…)