Under the State Council’s mandate, on March 7, 2016, the PRC Ministry of Finance and State Administration of Taxation (SAT) issued the Circular on Comprehensively Launching a Pilot Project for the Levy of Value-added Tax in Place of Business Tax, or Caishui [2016] No.32 (Circular 32). This instructed all SAT branches and provincial tax bureaus across the country to expand the application of value-added tax (VAT) to the remaining industries still subject to business tax (BT), a gross turnover tax that co-existed with VAT as of April 30, 2016.
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