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China’s VAT reform

August 7, 2013

On 1st August 2013, China’s new Value-Added Tax (VAT) reform is extended nationwide. This reform implies the shift from turnover tax (Business Tax – BT) to a value-added tax across many industries and service types, including transportation services and logistics-related services.

Many thanks to BIFA for the story – for more details on this and other articles follow this link to the BIFA Website and look at the latest news.

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