The State Council Announced the Expansion of Business to Value Added Tax (“B2V”) Pilot Program

by swisscham in Consulting, Legal, Services, Tax

The State Council has announced the expansion of the current Business to Value Added Tax (“B2V”) Pilot Program nation-wide, effective Aug 1, 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. The aim is still to complete the B2V within the 12th Five-Year Plan.

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