China’s tax authorities on 24 March 2016 issued guidance concerning the expanded value added tax (VAT) regime for certain industry sectors.
Circular Caishui  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 [PDF 319 KB] prepared by the KPMG member firm in China: China’s new VAT rates & rules - high level policies and general impacts across all industries
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