China: Rates, rules for expanded VAT system | KPMG | GLOBAL

China: Rates, rules for expanded VAT system (effective 1 May)

China: Rates, rules for expanded VAT system

China’s tax authorities on 24 March 2016 issued guidance concerning the expanded value added tax (VAT) regime for certain industry sectors.


Related content

Circular Caishui [2016] 36—jointly issued by the Ministry of Finance and State Administration of Taxation—provides the VAT rates and VAT rules applicable to the expansion of China’s VAT system to the real estate and construction, financial services, and lifestyle services sectors. These rates and rules are effective 1 May 2016.


Read a March 2016 report prepared by the KPMG member firm in China: China’s new VAT rates & rules - high level policies and general impacts across all industries

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal