Why VAT reform can save your company money

March 30, 2012 | BY

clpstaff &clp articles

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

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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