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China: lower VAT rates are consolidated | Value Added Tax Blog

China: lower VAT rates are consolidated | Value Added Tax Blog.

Circular 57 has the new rules covering to adjust the simplified VAT rates for goods sales from 6% or 4% to 3%. Grant Thornton reports on page 2 of this bulletin http://www.slideshare.net/AlexBaulf/china-tax-bulletin-2015-issue-1

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