Detailed Rules Announced for Business Tax/VAT Integration Pilot Reform in Shanghai
1 November 2011
On 17 November 2011, China’s Ministry of Finance and State Administration of Taxation jointly issued a set of policy documents laying out both the general approach to the gradual and partial replacement of the business tax (BT) by the value added tax (VAT) in China and the specific legal framework for implementing such replacement for certain service industries in Shanghai.
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