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

This 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

9 minute read April 07, 2016 at 06:31 AM

Katherine Jo and clp articles

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

China fully expands VAT reform to all industries

China has expanded its value-added tax (VAT) reform pilot program to all industries including construction, real estate, finance and consumer services.

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