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China VAT switch
[ August 8, 2013 // Chris ]
China is switching from Nationwide Business Tax (BT) to Value-added Tax (VAT) for freight forwarders and will affect invoicing procedures, reports the Expeditors website. Forwarders will have to use the special VAT invoice for freight transportation services including a 6% VAT fee.
Further information is available at:http://www.china-briefing.com/news/2013/04/11/china-to-expand-vat-reform-nationwide-starting-august-1-2013.html http://www.china-briefing.com/news/2013/07/22/china-clarifies-tax-collection-issues-under-nationwide-tax-reform-2.html
Tags: China
