Global

Details

  • Service: Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 7/21/2014

China - Tax innovation in Shanghai pilot free trade zone 

July 21: China’s State Administration of Taxation in late June 2014 released guidance that introduces 10 tax-related services to the Shanghai pilot free trade zone regime, with an intention of moving the administration of taxation online.

The 10 online services are:


  • Generation of tax registration numbers
  • Self-service tax handling
  • Electronic invoicing
  • Cross-regional tax services for the pilot free trade zone
  • General value added tax (VAT) payer recognition
  • Administration of non-resident taxation
  • Recordation filing
  • Quarterly filing return
  • Tax payment credit evaluation
  • Other innovative services

It is the goal of the tax administration to reform and enhance the administration of the entire taxation system, following the successful implementation of these reformative measures.


Read a July 2014 report prepared by the KPMG member firm in China: Pilot Free Trade Zone Series — Innovative Tax Services in China (Shanghai) Pilot Free Trade Zone




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