VAT reform completed_China Economic Net

As China waves goodbye to business taxes (BT) with one hand, it is welcoming a fairer business environment with the other.

VAT reform to benefit foreign firms, too

The overall tax burden on enterprises operating in China will be lower as a result of the value-added tax (VAT) reform. Experts said that while businesses in many services sectors will directly benefit from it, manufacturing firms will be better off as their purchased services are now deductible.

Highlights

: Officials delink VAT, rise in hotel room rates

: Tax fog boggles property developers

: Hotelier abandons plan to hike prices

: Local governments 'to be hit by adjustment to VAT'

: Extending VAT reform can save $93b in 2016

Impact

Financial world watches China to assess effect of the tax reform05/03 08:25
Tax fog boggles property developers05/03 08:11
VAT reform small impact on demand of properties04/15 15:07

Opinion

Broader tax overhaul to pep up China's economy05/04 15:59
VAT reform to benefit foreign firms, too05/04 11:32
China's VAT reform to prop up economy05/03 22:40