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Following the final stage of Value-added Tax pilot reform started from 1 May 2016, the Consumption Tax reform has been introduced and steadily progressed in China.
The Financial Secretary, Mr John Tsang, delivered the 2016-17 budget speech at the Legislative Council today (24 February 2016). Our Budget insights and Tax facts summarize the key proposals contained in the budget and our views thereof.
We offer a complete overview of your indirect tax position, providing visibility over the status and scale of your value-added tax compliance obligations in China.