VAT has saved Chinese taxpayers $30.7 billion, but gaps remain in implementation

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VAT has saved Chinese taxpayers $30.7 billion, but gaps remain in implementation

February 06 2015
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China’s State Administration of Taxation (SAT) has released the latest figures on its value-added tax (VAT), reporting that 95% of businesses included in the regime saw their VAT bill fall in 2014.

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