Tag: Value Added Tax

An Overview of China’s VAT Reform

Hailed as China’s most significant tax reform in more than two decades, the value-added tax (VAT) was comprehensively implemented as the country’s only indirect tax in 2016, effectively replacing the business tax (BT). The reform is part of Beijing’s efforts...

/ February 24, 2017

Life Services Companies Catch a Break

A new value-added tax (VAT) reform has recently been implemented in China that could fundamentally alter the accounting systems of small and medium enterprises doing business within the country.

/ May 4, 2016