State Council announces VAT reforms Go back »

2008-11-13 | Shanghai

On 9th November 2008, the China State Council made an announcement of VAT reform, relating to:
- A move to a consumption based VAT system
- VAT rate adjustments of small-scaled taxpayers and mineral products
- Withdrawal of preferential treatments
- The amendments to related indirect tax regulations

Source: Deloitte - NTC Tax Analysis Issue P33/2008 – 11 November 2008

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