Over the past 12 months, China has begun to transition from a business tax (“BT”) system to a Value Added Tax (“VAT”) system using Business to Value Added (“B2V”) pilot programs.
China's Transition to a VAT System
Over the past 12 months, China has begun to transition from a business tax ("BT") system to a Value Added Tax ("VAT") system using Business to Value Added ("B2V") pilot programs. These B2V pilot programs have been introduced in Beijing and Shanghai for certain industries, including legal consulting services.
By
Stanley Kolodziejczak And Nancy ReganThis premium content is locked for Accounting and Financial Planning for Law Firms subscribers only
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