4/27/2016
In 2008 China began to reform indirect taxes to alter the bias between production and service industries. In a recent announcement, China’s Premier Li Keqiang stated that the final phase of the VAT reform would commence on May 1.
Nearly all countries charge some type of indirect tax on the local sale of goods or services. Understanding your company’s obligations and liabilities with regard to indirect taxation and devising effective tax compliance and mitigation strategies is an important ingredient in the success of an overseas endeavor.