28Apr
Nationwide expansion of China’s VAT pilot program on 1 August 2013
by swisscham in Consulting, Legal, Services, Tax
The Value Added Tax (VAT) pilot program, currently in force in selected cities and provinces across mainland China, will be expanded nationwide on 1st August 2013. This includes the existing industries and further extends the scope of Modern Services to encompass the production, broadcasting and distribution of media and cinematic productions. In addition, railroad transportation, postal and telecommunications will be added at the appropriate time.