One giant leap for Chinese VAT reform
On January 1 2012, the Chinese government took a giant step forward in its plan to replace the dual system of indirect taxes – business tax (BT) and VAT– with a single VAT covering both the goods and services sectors. This process started with the commencement of a pilot scheme in Shanghai, explain Lachlan Wolfers of KPMG.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
