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
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
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