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As a supplement to our China Tax & Investment News, China Tax & Investment Express (CTIE) aims to bring to you real time information regarding the latest tax and business announcements issued by authorities at the central government level on a weekly basis. CTIE not only provides a synopsis of each announcement issued by the authorities, but it also includes a weblink that leads you to the full content of the announcement (in Chinese). We hope this publication can help you keep abreast of the latest developments in tax and business regulations in China. Please feel free to contact your Ernst & Young client service professionals for further assistance if you find the announcements have an impact on your business operations.
CTIE Issue No. 2012003 (pdf, 448.2kb) – January 31, 2012 VAT credits supported by invoices that are not reported within the prescribed period; VAT exemption for the trading of vegetables
CTIE Issue No. 2012002 (pdf, 379.4kb) – January 20, 2012 Notice regarding the taxable services applicable to Value-added Tax (VAT) rate of zero and eligible for VAT exemption policies; notice regarding certain tax policies related to VAT pilot arrangements for the transportation industry and certain modern service industries; notice regarding certain issues related to the collection and administration of VAT pilot arrangements
CTIE Issue No. 2012001 (pdf, 384.2kb) – January 6, 2012 Notice regarding the adjustment of the monthly/ quarterly provisional Corporate Income Tax (CIT) return forms; supplementary notice regarding the adjustment of the monthly/ quarterly provisional Corporate Income Tax return forms
