19 Jul 2012Lauren Denowitz

Global trends indicate that more and more countries are moving away from Business Tax (BT) towards Value Added Tax (VAT) as a more reliable means of raising revenue. A proposed mandate by the Chinese Government will see most of China move to a VAT system very quickly. The original pilot in Shanghai was a success, and Beijing should be the next city to employ the VAT system this year.

In conjunction with professional services organization Deloitte Touche Tohmatsu Limited, we have produced a whitepaper that examines the critical move to Value Added Tax in China.

The whitepaper, entitled China VAT Reform: Achieving a Successful Transition to VAT, highlights the wide-ranging practical implications of the VAT reform, the challenges and opportunities it presents, and reflects on lessons learned from the Shanghai pilot. It summarizes four key issues: financial impact, legal impact, commercial impact and systems impact as well as suggests a course of actions to help companies consider the steps they need to take to ensure they are adequately prepared for the transition.

To learn more, read the press release, or download the full white paper here.