ANNOUNCEMENT 29 Apr 2014

In April 2014, the government of China announced a change in the tax legislation for exporters.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



'2014'43
http://www.chinatax.gov.cn/n810341/n810755/c1150166/content.html


Inception date: 01 Jun 2014 | Removal date: open ended
Still in force

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. 

AFFECTED SECTORS

 
841 842

AFFECTED PRODUCTS

 
N/A