In the news: VAT reform expands to all industries, McDonald's plans to open 1,000 more China outlets and Ali Health receives Tmall's nutrition business
April 07, 2016 | BY
Katherine Jo &clp articlesThis week businesses of all industries nationwide were made subject to VAT, McDonald's said it will open 250 restaurants in China every year and Ali Health received a business injection
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China has expanded its value-added tax (VAT) reform pilot program to all industries including construction, real estate, finance and consumer services. The Ministry of Finance and the State Administration of