China Tax/Business News Flash 

View this page in: 简体中文版
  
Dec 2008, Issue 17

Fine-tuning of provisional turnover tax regulations
      
In our China Tax/Business News Flash Issue 13, November 2008, we reported that the State Council has released the amended "Provisional Regulations of the People's Republic of China on Value Added Tax" ("Provisional VAT Regulations"), the amended "Provisional Regulations of the People's Republic of China on Business Tax" ("Provisional BT Regulations") and the amended "Provisional Regulations of the People's Republic of China on Consumption Tax" ("Provisional CT Regulations") (collectively "Provisional Turnover Tax Regulations").
         
We have analysed the three sets of amended Provisional Turnover Tax Regulations and categorized the key changes into three groups: the first group are changes in relation to the VAT transformation announced by the State Council to date; the second group are changes to improve the assessing practice of each of the Provisional Turnover Tax Regulations; and the third group are changes on tax filing which are applicable to all three sets of Provisional Turnover Tax Regulations. 

Get your copy here
Read more by downloading our China Tax/Business News Flash (Dec 2008, Issue 17) (pdf file, 91KB) for your reference.
 
Other Issues of China Tax/Business News Flash
Visit our Tax Library.