Value Added Tax, or VAT, is a tax charged on sales or import of goods and on repair and replacement services in China. From 1 May 2016, VAT has replaced Business tax and levied on taxable services in China or transfers of title of immovable and intangible properties in China. Consumption tax is levied on luxury goods.
The complexity of the turnover tax legislations is a growing concern for businesses. Management of turnover taxes in China is a key issue.
Our specialists help you to maximize savings in finding an optimal turnover tax position for current or planned business activities. They can assist you with turnover tax planning and compliance.