China tax update: VAT exemption on cross-border services

The VAT pilot programme (initially launched in Shanghai on 1 January 2012) provides for VAT exemption for certain qualified cross-border services that are rendered by a service provider in China to an overseas service recipient.

This was later confirmed by Circular Caishui [2013] Number 37 (1 August 2013) expanding the VAT pilot programme on a national level. Since then, taxpayers in China providing relevant services to overseas customers were eager to apply for the VAT exemption. However, local tax authorities in practice were mostly reluctant to approve respective applications due to the lack of detailed implementing rules from higher-level tax authorities.

Finally, on 13 September 2013, the State Administration of Taxation (SAT) has promulgated Bulletin [2013] Number 52 (Bulletin 52) stipulating the long-awaited (trial) measures for VAT exemption on cross-border services. At the local level, Shanghai, Qingdao and Beijing have been among the first to publish local rules…

If you are registered and logged in to the site, click on the link below to read the Taylor Wessing briefing. If not, please register or sign in with your details below.

Briefings from Taylor Wessing

View more briefings from Taylor Wessing

Analysis from The Lawyer

  • merger deal

    Corporate crunch time: who will triumph at The Lawyer Awards 2014?

    As the equity capital markets rocketed back into favour and global M&A saw at least a partial return to form, there have been some rich pickings for The Lawyer’s Corporate Team of the Year award shortlisted firms in 2014. 

  • singapore orchid

    Singapore: Cash course

    The city-state is working hard to become a global wealth management hub, and law firms are gearing up for a prosperous new world

View more analysis from The Lawyer

Overview

5 New Street Square
London
EC4A 3TW
UK
http://www.taylorwessing.com

Jurisdiction: UK
No. of offices: 4
No. of qualified lawyers: 67 (International 50)

Jobs