Full Text Translation - 7th January 09

PRC Tentative Regulations on Value-added Tax (Revised)
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VAT system changed from production-based to consumption-based. (See full translation)

See also:

A new tax revolution,Dec/Jan 2008

PRC Tentative Regulations on Consumption Tax (Revised),Dec/Jan 2008

PRC Tentative Regulations on Business Tax (Revised),Dec/Jan 2008