摘要
VAT Scheme Completed China has replaced all business tax with value-added tax（VAT）after extending the policy to cover the construction,real estate,finance and consumer services sectors on May 1.They were the last four sectors still taxed based on their revenue.VAT refers to a tax levied on the difference between a commodity’s pre-tax price and its production cost.
VAT Scheme Completed China has replaced all business tax with value-added tax(VAT)after extending the policy to cover the construction,real estate,finance and consumer services sectors on May 1.They were the last four sectors still taxed based on their revenue.VAT refers to a tax levied on the difference between a commodity’s pre-tax price and its production cost.Revenue tax refers to a levy on a business’s gross revenue.The expansion of the
