China alert - Issue 10, May 2012
In early May, KPMG China published Part 1, which featured in Issue 7 of our China alert series. This looked at the scope of the Value Added Tax (VAT) pilot program for the transportation and logistics sector. Part 2, featured in this issue, considers the application of the pilot program rules to specific service providers in the transport and logistics sector. Importantly, given that a single movement of goods from point A to point B may utilise several different suppliers or transport modes, these issues cannot be considered in isolation.