Shanghai VAT pilot – what actions do UK businesses need to take to stay compliant?
Tuesday, February 28, 2012
| Posted by: Nick Farr
Categories:
China ,
Thought leadership
| Tags: China,
compliance,
VAT,
cross-border,
regulation,
subsidiary,
Nick Farr,
goods,
services,
double taxation,
business tax,
Shanghai,
consultancy,
pilot,
reform,
indirect tax,
input VAT,
changes
A new VAT pilot scheme in Shanghai is bringing both benefits and confusion to UK companies supplying services – such as consultancy, IT and R&D services – to and from Shanghai. With this pilot system set to be rolled out across the rest of China, what do UK businesses trading in China need to do to remain compliant and tax-efficient?
