China

Details

  • 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.

 

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