Archived webcast - China's VAT reform and indirect tax adjustments in time of financial crisis 

27 November 2008 (Thursday)

The current VAT and other indirect tax regimes in China were introduced on 1 January 1994.  It has been a plan of China Government to reform the VAT system and update the other indirect tax rules.  The recent unprecedented "global financial tsunami" evolving to potential economic recession has served as catalyst to the long-awaited VAT reform.  Meanwhile, it is also an opportune time for the Chinese tax collectors to bring about adjustments to the indirect tax regimes of China.
       
In this webcast, we looked at the VAT reform in respect of transformation from "production-base" to "consumption-base" and the surrounding components; update on export VAT refund policies; as well as the adjustments to the indirect tax regime.  We also predicted some possible developments of the entire indirect tax system of China in the future.
    
Archived webcast
     
This is a 1-hour audio webcast including a live Q&A session.

Link:	http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetailsCN3&c=220079&eventID=2028200
Slides:	Webcast presentation (pdf file, 211KB)
Speaker:	Alan Wu, Partner, China Indirect Tax National Leader

  

About PwC Indirect Tax Team
   
The PwC China indirect tax comprises a team of professionals with rich indirect tax experience and varying background (e.g. China tax practitioners with more than 14 years of China tax experiences, ex-officials from State Tax Bureau specialized in turnover taxes, tax practitioners with international VAT experience, etc.) in our offices in Beijing, Guangzhou and Shanghai.

The indirect tax team in China is part of PwC's global indirect tax network of 1,800 experienced and specialized professionals.
       
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