Update on the ongoing Chinese VAT Reform

 Update on the ongoing Chinese VAT Reform 

The FIATA Secretariat has received the following quote from our Membership in China regarding the ongoing process of Chinese VAT Reform.

“On July 4th, China State Administration of Taxation announced that from September 1st, 2014, international freight forwarding services and shipping agency services indirectly provided by pilot taxpayers through other agents, are entitled to VAT exemption in accordance with Notice [2013] No. 106, provided that all the agency income is settled through financial institutions. And so is the freight forwarding services indirectly provided by pilot taxpayers for the cargo transportation between Mainland China and Hong Kong, Macao and Taiwan.”

For further information, please contact the Secretariat at info(at)fiata.com

 

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