Tag: vat

China’s Ministry of Finance (MOF) and the State Administration of Taxation (SAT) jointly issued circular Caishui No. 84, "Provisional Measures for the VAT Calculation and Reporting of Pilot Taxpayers with Headquarters and Branches under the Pilot Program” in December last year. In a note published by Lehman Brown this week, the accountancy firm offers advice on what it means.

Waiting one year for VAT rebates in Indonesia is destructive for exporters. The finance ministry needs to expedite the process.

Eddie Lui Sai-Kit, financial controller of COSCO Pacific, talks about his parent company's losses and creative financing.

Former tax partner at KPMG China and now director of consultancy firm BC Advisory, Bolivia Cheung, offers a step-by-step guide for CFOs to take advantage of the Shanghai VAT pilot.

China's VAT tax pilot is now in full swing, with certain companies in Shanghai able to claim value-added tax rather than business tax when doing business. CT assesses the implications and consequences of this mammoth tax change.