China initially completed its VAT reform on May 1 bringing four industries under the new system. Wang Jun, head of the State Administration of Taxation on March 13, 2016. Photo: Xinhua

China grants asset managers 14-month grace period on VAT adoption

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China initially completed its VAT reform on May 1 bringing four industries under the new system. Wang Jun, head of the State Administration of Taxation on March 13, 2016. Photo: Xinhua
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