Jan. 19 – Guangzhou’s value-added tax (VAT) small-scale taxpayers are no longer required to submit paper declaration forms when they file electronic VAT declarations.
According to the “Announcement on Canceling Paper Declaration Form Submissions During Small-Scale Taxpayers’ Electronic VAT Declaration (Guangzhou SAT Announcement  No.1),” starting on January 15, VAT small-scale taxpayers that pay VAT based on auditing results and file VAT declarations electronically are not required to submit paper declaration forms anymore. Continue reading
Posted in Finance, Tax and Accounting, Legal and Regulatory, Regulatory Update, South China
Tagged China Guangzhou VAT, China Tax, China Value Added Tax, China VAT Small-scale Taxpayer, Guangzhou, Online VAT Declaration, South China, Telephone VAT Declaration, VAT Declaration
Dec. 14 – Following the promulgation of two circulars on the pilot project for replacing the imposition of business tax (BT) with value-added tax (VAT) (Circulars No. 110 and 111) in the transport industry and certain modern service sectors in Shanghai, China’s State Administration of Taxation (SAT) recently clarified more issues regarding the VAT reform – including the application of VAT general taxpayer status in the pilot area and VAT filing issues in non-pilot areas.
VAT general taxpayer status application in the pilot area
The SAT issued the “Circular on Relevant Matters in the Recognition of VAT General Taxpayer Status in the Reform to Replace the Imposition of BT with VAT in Shanghai (Circular  No. 65, “Circular”)“ on December 2, 2011. Continue reading
Posted in Business, East China, Finance, Tax and Accounting, Legal and Regulatory
Tagged China Regulatory, China Tax, China VAT, China VAT Filing, China VAT Small-scale Taxpayer, Shanghai Modern Services, Shanghai Transport Services, Shanghai VAT General Taxpayer Status, Shanghai VAT Reform