Posted inBeijing, China, Guangzhou, Shanghai

China taxes will fall further under VAT, government says

China’s businesses will see further reductions in tax bills in 2017 due to the new value-added tax system, said Wang Jun, State Administration of Taxation Director, in a press conference, National Business Daily reported Tuesday. The VAT system was introduced in May and has saved 470 billion yuan (US$67.6 billion) in taxes in the first […]