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ARTICLE · 27 JANUARY 2012

China's Pilot Programme For Replacing Business Tax With VAT Launched In Shanghai

De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek
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De Brauw Blackstone Westbroek

De Brauw Blackstone Westbroek

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On 17 November 2011, the Ministry of Finance ("MOF") and the State Administration of Taxation ("SAT") introduced a pilot programme in Shanghai to replace Business Tax with Value-added Tax ("VAT") commencing 1 January 2012.

ChinaTax
Geert Potjewijd
Geert Potjewijd
Jiajia Gao
Jiajia Gao
Rachel Li
Rachel Li
Diederik Maessen
Diederik Maessen
Gang Zhai
Gang Zhai
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On 17 November 2011, the Ministry of Finance ("MOF") and the State Administration of Taxation ("SAT") introduced a pilot programme in Shanghai to replace Business Tax with Value-added Tax ("VAT") commencing 1 January 2012. The pilot programme marks a major step forward for China in aligning its indirect tax system to the VAT systems of other countries. Although its application is limited to selected industries in Shanghai only, the pilot programme will have a far-reaching impact and is likely to serve as a roadmap on how the reform of indirect taxes will be ultimately implemented nationwide. On 29 December 2011, it was reported that the Beijing Municipal Government had filed an official application with MOF and SAT for launching the same pilot programme.

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