Other Briefings
Shenzhen Clarifies Transitional Financial Support Policies for VAT Reform
Shenzhen released a circular on VAT pilot conversion on October 30, clarifying financial support issues regarding VAT reform in the city. The main content of the Circular can be found here..
China Clarifies VAT Reform in Fujian Province
At a press conference held by the Fujian provincial government on October 30, officials from relevant government departments introduced the main contents of VAT reform in the province. Detailed information can be found here.
Guangzhou Issues FAQs Regarding VAT Reform
At a press conference held in Guangzhou recently, several frequently asked questions (FAQs) relating to the VAT reform in Guangzhou have been answered by officials from relevant government departments. Details of the answers can be found below.
Guangdong Province Releases Announcement on Invoice Issuance
Guangdong province released the “Announcement on Matters Concerning the Issuance of Invoices on Behalf of Taxpayers in the Pilot Collection of Value-Added Tax in Lieu of Business Tax” on October 23, 2012.
Interim Measures Issued on the Administration of Tax-free Shopping Policy
China released the “Interim Measures for the Supervision and Administration on the Tax-free Shopping of Visitors Departing from Hainan Island on October 24, which is scheduled to take effect from November 1, 2012.
Hainan as an International Tourist Destination
By Yao Lu Oct. 26 – Hainan Island, China’s smallest and southernmost province, has lagged far behind others in the region in terms of economic development. In 2011, the region’s GDP reached RMB252.26 billion, making it the fourth smallest economy in the entire country. However, the province boasts enormous economic potential. Labelled as the “Oriental […]
China Adjusts Tax-Free Shopping Policies for Hainan Island
In a move to boost tourism in Hainan island, China released the “Announcement on Adjusting the Tax-free Shopping Policies for Visitors Departing from Hainan Island” on October 22, which is scheduled to take effect from November 1, 2012.
Fujian Province, Increasing Trade Ties with Taiwan
By Yao Lu Oct. 24 – As the first province in China to implement the policy of “opening to the outside world,” Fujian is one of the wealthier regions in the country. Its economy has posted double-digit growth for 10 consecutive years and in 2011, the provincial GDP reported a 14.4 percent growth, amounting to RMB1.741 trillion. […]
