Ministry of Finance and State Administration of Taxation, Circular on Comprehensively Launching a Pilot Project for the Levy of Value-added Tax in Place of Business Tax

Main contents: From May 1 2016, a pilot tax project will be comprehensively launched nationwide, with all business taxpayers, including those in the construction industry, real estate industry, finance industry and daily life service industry brought into the scope of the pilot project, where they will change from paying business tax to paying value-added tax.