AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Tax-based export incentive
On 29 April 2014, the Ministry of Finance issued the Notice No. 43 of 2014, to include the telecommunication service industry into the current VAT reform. Companies providing cross-border telecommunication services may be exempted from the 6% or 11% VAT, starting from 1 June 2014.
Basic telecommunication services such as calls, fax, or tele-infrastructure rentals are subject to 11% VAT in China and value-added telecommunication services such as data, SMS, or MMS are subject to 6% VAT before the Notice No. 43.
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