China alert: Technology, Media & Telecommunications Focus - Issue 4, October 2011
The Ministry of Finance (MoF) and the State Administration of Taxation (SAT) jointly issued the circular Cai Shui [2011] No.100 (Circular 100) on 13 October 2011, interpreting the Value Added Tax (VAT) incentives for software specified in Guo Fa [2011] No.4 (Circular 4) and clarifying certain implementation issues. Circular 100 will take effect retrospectively from 1 January 2011.