Interpretation of Critical Topics in Value-added Tax Law (Draft for Comment)

 
Recently, we reviewed the major changes in the Law of the People's Republic of China on Value-added Tax (Draft for Comment) (hereinafter referred to as “Draft for Comment”) and the current policies on value-added tax (“VAT”) and conducted a comparative analysis (for more details, please refer to the publication on our Official WeChat Account on December 4).

 Compared with current policies on VAT, the Draft for Comment features significant updates, especially in terms of the threshold for VAT, determination of the taxable transactions in China, etc. To facilitate you to have a clearer understanding of the Draft for Comment, we have selected a few critical topics here and conducted a further discussion with a consideration of the practice.

Please download 2019 China Tax Alert Issue 5 to learn more.


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