Additional Guidance Issued on VAT Zero-Rated Services

Tax Newsflash:January 8, 2016/China

China's State Administration of Taxation (SAT) announced new guidance (Bulletin 88) on 21 December 2015 that supplements the Administrative Measures for VAT Refunds (Exemption) of Zero-Rated Services, which was originally issued via Bulletin [2014] No. 11. Circular 118, issued jointly by the Ministry of Finance and the SAT in October 2015, expanded the scope of zero-rated services. (Tax Newsflash:January 8, 2016/China)

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Bulletin 88 provides additional guidance relating to the services added to the list of zero-rated items by Circular 118 and clarifies several issues. Bulletin 88 applies retroactively from 1 December 2015, the same date that Circular 118 became effective.

This newsletter explains the following topics:

(1) Highlights of Bulletin 88
(2) Deloitte’s comments 


>> Click for Japanese [増値税ゼロ税率を適用する課税サービスの税還付(免除)管理弁法の一部改正]                                                                                                        

(65KB, PDF)

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