VATupdate

China: Notice regarding simplified and consolidated VAT rates issued | LinkedIn

Grant Thornton China has informed us that: In accordance with the decision of the State Council on simplifying and consolidating value-added tax rates,MoF and SAT jointly issued Caishui [2014] No.57 (“Circular 57”) to adjust the simplified VAT rates for goods sales from 6% or 4% to 3%.

via China: Notice regarding simplified and consolidated VAT rates issued | LinkedIn.

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