ANNOUNCEMENT 14 Mar 2011In March 2011, the government of China announced a change in the tax legislation for exporters.
NUMBER OF INTERVENTIONS
On 14 March 2011, the State Administration of Tax issued the Notice No. 18 to support the export and development of the Chinese ICT industries.
Based on the notice,ICT design, software design, and animation companies registered more than two years in China can benefit from the full VAT rebates on their exported ICT and animation design services or products. The new policy will become effective on 1 May 2011.