China

Details

  • Service: Tax, Indirect Tax
  • Type: Business and industry issue, KPMG information
  • Date: 3/21/2012

VAT opportunity check 

With the Shanghai VAT pilot program being implemented in record time, it is likely that many businesses will have made errors in their VAT reporting, usually resulting in the underclaiming of VAT credits or overcharging of output VAT. By engaging us to conduct a VAT opportunity check shortly after the VAT pilot program has commenced, you may still be able to claim any entitlements or quickly correct any errors before they escalate. KPMG has an experienced team who will work with you to identify, capture and then claim your proper entitlements.

VAT opportunity check
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