VAT news tagged as "China VAT rates"


China to combine VAT rates

November 27th, 2016

China has indicated that it plans to reduce the number of VAT rates to simplify compliance. This is likely to mean the consolidation of the main 11% and 6% rates – although no details have been provided yet. The current Chinese rates are: 11%  Retail; entertainment; hotel; restaurants; catering services; real estate and construction, telephony …