Why VAT reform can save your company money

Reform to China's VAT system began in Shanghai earlier this year. Companies can now offset VAT from services used in Shanghai, relieving their tax burden

3 minute readMarch 30, 2012 at 12:58 AM

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"After the economic crisis the Chinese government wanted to change the dynamics of the economy and modernise certain industries,” said Lawrence Hu, a tax attorney at MWE China Law Offices

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