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.
Apr 22, 2013