• Service: Tax
  • Industry: Technology, Media & Telecommunications, Technology
  • Type: Business and industry issue, Publication series, Regulatory update
  • Date: 10/31/2011

Rules on Value Added Tax refunds on development of software products clarified 

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.


Get in touch with KPMG China



Subscribe to receive email alerts or e-Newsletters from KPMG China when new updates are available.



China in focus

Newsletters - Our weekly and monthly newsletters summarise industry news, market trends and updates in regulations for the China and Asia Pacific regions.