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CHINA: "China Automotive Monthly: Executive Summary (June 2011)"

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back to index backCHINAtalk May,  2016


China Tax Weekly Update - Issue 16

The followings are included in this Issue:

- More implementation rules on VAT reform released by the State Council, MOF and SAT

----- State Council issues notice to set out the requirements for the VAT reform (Guo Fa Ming Dian [2016] No. 1)

----- State Council issues the transitional scheme for division of central and local revenue on VAT after the VAT reform (Guo Fa [2016] No. 26)

----- MOF and SAT clarify issues regarding the collection and administration of Cultural Business Development Levy under VAT reform (Cai Shui [2016] No. 25)

----- MOF and SAT clarify taxation basis for Deed Tax, Real Estate Tax, Land Appreciation Tax and Individual Income Tax under the VAT reform (Cai Shui [2016] No. 43)

----- MOF and SAT clarify certain issues for financial services under the VAT reform (Cai Shui [2016] No. 46)

----- MOF and SAT further clarify policies for labor dispatch services and toll fees deduction under the VAT reform (Cai Shui [2016] No.47)

----- SAT announcement on data interface standard for the tax control invoicing software of VAT invoices (SAT Announcement [2016] No. 25)

----- SAT announcement on certain collection and administration issues for the VAT reform (SAT Announcement [2016] No. 26)

----- BSTB clarifies VAT filing issues for cross-district operating lease of immovable properties (BSTB Announcement [2016] No. 7)

----- BSTB clarifies VAT filing issues on cross-district provision of construction services by taxpayers (BSTB Announcement [2016] No. 8)

----- BSTB clarifies the issues for VAT prepaid by taxpayers who are located outside of Beijing and provide construction services in Beijing (BSTB Announcement [2016] No. 9)

- SAT revises rules on public disclosure of tax fraud cases (SAT Announcement [2016] No. 24)

- New Administrative Measures for Accreditation of State-level Corporate Technology Centres (Order [2016] No. 34 by NDRC and other 4 authorities)

- State Council pushes forward Internet + Circulation” initiatives (Guo Ban Fa [2016] No. 24)

Source: KPMG China - GAI




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