Hannah Feng and Ines Liu Participate in AmCham China’s VAT Policy Strategy Workshop
Hosted by AmCham China, experts from Dezan Shira & Associates and KPMG came together to hold a VAT policy strategy workshop. 2019 brought major changes to China’s VAT policies, including a reduction of rates and allowance of certain credits and deductions, culminating at the end of the year with the release of a draft of the country’s first ever VAT law.
The workshop allowed participants to gain a better understanding of the proposed law, develop comments on the draft, and help form the basis and tone for future advocacy efforts on the law’s implementation measures.
Hannah and Ines briefed audience members on the changes reflected in the draft and future VAT trends before participating in the group discussion discussing what businesses can expect and what changes tax authorities will likely adopt.
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Further Resources on China Taxes and VAT
To stay up-to-date with our publications, covering all aspects of doing business in China, you can visit China Briefing. On this website you can find related tax articles, including 5 Big Changes to China’s VAT in 2019, How to Apply for VAT General Taxpayer Status in China, and Can Small-Scale Taxpayers Issue Special VAT Invoices by Themselves in China?
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