ANALYSIS: Taking stock of Shanghai’s VAT tax reform
China's VAT tax pilot is now in full swing, with certain companies in Shanghai able to claim value-added tax rather than business tax when doing business. CT assesses the implications and consequences of this mammoth tax change.
Currently, China levies both business tax (BT) and VAT since it reformed its Goods and Services Tax (GST) system in 1994. VAT covers the sales of goods, provision of repairs and goods process services; while other services, transfer of intangible assets and immovable properties fall under the purview of BT.
Sign-in to access CorporateTreasurer content.
Please sign in to your subscription to unlock full access to our premium CT resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial. Click the link to get started.
Note: This free trial is a one-time offer. You are eligible for one free trial per year.
If you are a treasurer, CFO or senior finance professional at a corporate, please register to the website here.
Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.
© Haymarket Media Limited. All rights reserved.
Top news, insights and analysis every Tuesday & Thursday
Free registration gives you access to our email newsletters
for unlimited access to all articles, newsletters
