China

Details

  • Service: Tax, Indirect Tax
  • Type: Regulatory update, Video
  • Date: 12/1/2011
  • Length: 43:41 Minutes

 Speakers

Lachlan Wolfers

Lachlan Wolfers

Leader, Centre of Excellence for Indirect Taxes, China

+86 (21) 2212 3515

KPMG Webcast: Indirect tax reforms in China 

 

 

December 1: The Chinese government recently announced that it will be undertaking significant reforms of indirect taxes-including replacing the business tax (one of China's three forms of indirect tax) with a value added tax (VAT). The indirect tax reform will commence beginning 1 January 2012, with a pilot program in Shanghai. While the reforms are initially limited to Shanghai, they are expected to be applied across China in the near future.

 

Given the large number of foreign multinationals doing business in China, an understanding of the issues and opportunities these reforms present is essential in order to be ready for the eventual implementation.

 

The KPMG member firm in China has prepared a webcast recording with slide presentation covering:

 

How the new VAT rules will operate
The impact on business of the indirect tax reforms, and in particular, on foreign multinationals doing business in China
What businesses need to do to prepare for the reforms
The opportunities these reforms present for businesses, and how KPMG can assist with these reforms

 

 

 

Disclaimer

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.