April Issue of China Briefing Online Now

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Apr. 2 – The April issue of China Briefing magazine is online and available for download (complimentary subscription available).

China’s value-added taxes contribute a large percentage of China’s annual tax revenue and account for a significant proportion of tax liabilities for many Chinese enterprises. They affect companies that sell, manufacture, process or repair tangible goods in China and can be quite complex.

In this issue of China Briefing, we take a detailed look at China’s value-added tax system. At the start of 2009, the central government rolled out a national VAT reform policy that had previously been piloted in several select regions of the country. The new reform policy moved China’s VAT system from production-based to consumption-based and changed many of the tax benefits companies in China enjoy. Our feature article this month explains China’s VAT system, takes a look at the rates and calculations for general taxpayers and small income tax payers, examines export tax rebates, and reviews the new VAT reform measures.

We also draw near to the conclusion of our regular monthly series on second- and third-tier cities in China, focusing this time on Anshan, Hangzhou, Zhuhai, Manzhouli and Xi’an.