China VAT on healthcare sector | KPMG | GLOBAL

China: Implications of VAT applied to healthcare sector

VAT in China

China has been in the process of transitioning from its previous bifurcated indirect tax system—under which value added tax (VAT) applied to the sale and importation of goods, and business tax applied to the services sector—and moving to a unified VAT system applicable to all goods and services.


Related content

With this transition, what issues could the healthcare sector in China likely encounter on transitioning from the business tax regime to the VAT system?


Read a March 2016 report [PDF 840 KB] prepared by the KPMG member firm in China: Proposed application of VAT to the healthcare sector in China 

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