ANNOUNCEMENT 29 Apr 2014
In April 2014, the government of China announced a change in the tax legislation for exporters.NUMBER OF INTERVENTIONS
1
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.
AFFECTED PRODUCTS