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VAT Reform
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Tax Reform to Boost Vitality of Real Economy
Apr 4, 2016Chinese Premier Li Keqiang has urged solid efforts from the country's financial and taxation authorities to deliver the value-added tax (VAT) reform as part of efforts to invigorate the real economy during a visit to the State ...
Tags: Tax Reform, VAT
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VAT Reform Covers All Industries in 2016
Dec 29, 2015China's value-added tax reform is expected to be implemented across all industries next year. Business taxes in four sectors - finance, construction, property and consumer services - will be replaced by VAT. Business tax refers to a ...
Tags: VAT
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China's Pilot Program to Replace Business Tax with Vat Reduced Tax Revenue
Jan 29, 2015As the tax authority said, China's pilot program to replace business tax with value-added tax (VAT) reduced tax revenue by 191.8 billion yuan ($30.7 billion) in 2014, the tax authority said Wednesday. The country expanded the VAT reform to ...
Tags: VAT Reform, Tax
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Taxes Remained High on The Agenda of Chinese Policymakers Last Year
Jan 9, 2015China plans to levy a resources tax on coal based on sales value instead of production volume, as well as scrapping arbitrary levies on coal miners starting from December 1, taxation and fiscal authorities said over the weekend. ...
Tags: Resources Tax, Coal
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A New Standard VAT Return Has Been Proposed by The Commission Today
Oct 30, 2013A new standard VAT return, which can cut costs for EU businesses by up to €15 billion a year, has been proposed by the Commission today. The aim of this initiative is to slash red-tape for businesses, ease tax compliance and make tax ...
Tags: Tax Compliance