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 fo...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.展开更多
文摘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.
