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TOP TIPS: China VAT consolidating filing

China’s Ministry of Finance (MOF) and the State Administration of Taxation (SAT) jointly issued circular Caishui No. 84, "Provisional Measures for the VAT Calculation and Reporting of Pilot Taxpayers with Headquarters and Branches under the Pilot Program” in December last year. In a note published by Lehman Brown this week, the accountancy firm offers advice on what it means.
TOP TIPS: China VAT consolidating filing

Who it applies to: The consolidated Value Added Tax (VAT) filing only applies to pilot taxpayers with the branches in both pilot and non-pilot places that are specifically approved by the MOF and SAT (the "pilot taxpayers”) and only to those VAT taxable services prescribed under VAT reform – transportation industry and certain modern service industry ("VAT taxable services”).

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