China's Transition to a VAT System

Over the past 12 months, China has begun to transition from a business tax ("BT") system to a Value Added Tax ("VAT") system using Business to Value Added ("B2V") pilot programs. These B2V pilot programs have been introduced in Beijing and Shanghai for certain industries, including legal consulting services.

12 minute read October 23, 2012 at 02:10 PM
By
Stanley Kolodziejczak And Nancy Regan
China's Transition to a VAT System

Over the past 12 months, China has begun to transition from a business tax (“BT”) system to a Value Added Tax (“VAT”) system using Business to Value Added (“B2V”) pilot programs.

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