VAT reform pilot scheme will be rolled out in Sha... | KPMG | CN

VAT reform pilot scheme will be rolled out in Shanghai

VAT reform pilot scheme will be rolled out in Sha...

China alert - Issue 34, September 2011  

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VAT reform pilot scheme will be rolled out in Shanghai

Indirect taxation in China is a significant issue. In 2010, revenues from indirect taxes (including customs duties) accounted for approximately 75 percent of China’s total tax revenue collection. As such, the reform of indirect taxes in China is likely to have a major impact on businesses and consumers. ‬

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