Premier Wen Jiabao chaired a State Council on the 26th executive meeting, decided to launch value-added tax system, deepen the reform. The meeting decided that the first part of the Shanghai modern transport and services such as pilot. Meanwhile, the current standard rate of VAT of 17% and 13% lower tax rate based on the new 11% and 6% in two tranches with low tax rates. Analysts pointed out that this reform will change the service for collection ...VAT expansion around the first pilot transportation Shanghai
Wednesday, October 26, 2011
VAT expansion around the first pilot transportation Shanghai
Premier Wen Jiabao chaired a State Council on the 26th executive meeting, decided to launch value-added tax system, deepen the reform. The meeting decided that the first part of the Shanghai modern transport and services such as pilot. Meanwhile, the current standard rate of VAT of 17% and 13% lower tax rate based on the new 11% and 6% in two tranches with low tax rates. Analysts pointed out that this reform will change the service for collection ...VAT expansion around the first pilot transportation Shanghai
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