Ministry of Finance and State Administration of Taxation, Plan for Pilot Projects for the Levy of Value-added Tax in Replace of Business Tax
财政部、国家税务总局营业税改征增值税试点方案
Transport and logistics sectors benefit from the new VAT reform.
Issue: December 2011/January 2012
CLP Reference: 3230/11.11.16
Promulgated: 16 November 2011
Keywords (click to search):
value-added tax
VAT
business tax
pilot projects
Issued: November 16 2011
Main contents: In the pilot areas, the pilot projects shall first be trialed in production-type service industries, such as the transport industry and certain modern service industries, before gradually being extended to other industries.
Main tax system arrangements for the pilot reform:
1. Tax rate: to the current...
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