How law firms should prepare for the new VAT rules

As one of the first taxpayer groups affected by the reforms replacing business tax with value added tax, law firms must adjust their engagement contracts, billing systems and compliance obligations

12 minute readApril 23, 2014 at 09:01 AM

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& clp articles

The Chinese government has an ambitious tax reform agenda to replace business tax (BT) with value added tax (VAT). The reforms began with a pilot programme in Shanghai on January 1 2012 and has progressively expanded nationwide from August 1 2013.

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