China

Details

  • Service: Tax, Trade & Customs
  • Type: Business and industry issue
  • Date: 11/21/2011

Asia-Pacific Trade & Customs News 201111/05: China Value Added Tax (VAT) reforms to bring about supply chain efficiencies 

The government of the People's Republic of China will soon be undertaking very significant taxation reforms. The proposed reforms, which are expected to commence with a pilot programme in Shanghai in 2012 before being applied more broadly across mainland China in 2013, involve the adoption of a single value added tax (VAT) to replace key aspects of the existing system of indirect taxes.

Featured in this edition are:

 

China VAT reforms to bring about supply chain efficiencies
Australia's carbon price impacts claims for credit entitlements
New tariffs for compressed natural gas and large vehicles into Singapore
Amended regulations on the export of chemicals from Singapore
GST relief for CTMs and ships
Customs 'self-assessment' in India
Implementation of 2012 HS Amendments in Thailand