24 August 2019

China expands VAT trial to rail, postal sectors, Xinhua says

China will launch a value-added tax (VAT) trial scheme in the railway and postal sectors on Jan. 1, the official Xinhua news agency reported Wednesday. This will be expanded to all sectors of the transport industry, the report said, citing information from a State Council meeting. The trial program is part of efforts to lighten the tax burden on corporates by replacing business tax with VAT, the report said.

– Contact HKEJ at [email protected]



EJI Weekly Newsletter

Please click here to unsubscribe