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• Create Date 4 五月, 2014
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How is China’s VAT Reform Progressing?

VAT reform in China has dominated the domestic tax landscape for the past two years. This reform—a key component of the country’s 12th Five-Year Plan (the blueprint for China’s economic development until 2015)—is seen as one way of assisting China to successfully shift its focus away from a manufacturing model and towards the development of its services sector. It was therefore no surprise when VAT reform was announced at the end of 2011, ending years of speculation.