China’s tax revenue growth has been declining since 2011 and dropped to 4.8 per cent last year, according to data from the State Administration of Taxation. Photo: Reuters China’s tax revenue growth has been declining since 2011 and dropped to 4.8 per cent last year, according to data from the State Administration of Taxation. Photo: Reuters
China’s tax revenue growth has been declining since 2011 and dropped to 4.8 per cent last year, according to data from the State Administration of Taxation. Photo: Reuters
Business /  China Business

Accounting giants urge government to simplify VAT regime

‘We expect a further trimming in VAT tax brackets, probably into two or even one, to get in line with international tax legislation trends’: Robert Li, PWC tax partner in Shanghai

Maggie Zhang
Maggie Zhang

Updated: 2:55pm, 20 Jul, 2018

Why you can trust SCMP
China’s tax revenue growth has been declining since 2011 and dropped to 4.8 per cent last year, according to data from the State Administration of Taxation. Photo: Reuters China’s tax revenue growth has been declining since 2011 and dropped to 4.8 per cent last year, according to data from the State Administration of Taxation. Photo: Reuters
China’s tax revenue growth has been declining since 2011 and dropped to 4.8 per cent last year, according to data from the State Administration of Taxation. Photo: Reuters
READ FULL ARTICLE