VAT China

VAT in China Part 2

Same as for the EU, in China apart of the selling of products, the import of products is also subject to VAT. In opposite to the normal VAT this so called Importation VAT is an excise tax which is subject...

VAT Reform China: The Pilot Policy Extended of to Nationwide for Value-Added Tax (“VAT”) in Lieu of Business Tax (“BT”)

By Pingwen Hu, ECOVIS RUIDE CHINA, Shanghai The pilot VAT reform policy initialized in Shanghai from January 1, 2012 will finally be pushed to nationwide. (more…)