VAT pilot programme expands to Beijing
June 08, 2012 | BY
clpstaff &clp articlesBeijing is set to follow from Shanghai's VAT pilot programme as early as July 1, but it is unclear how closely the city will follow Shanghai's example
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The Beijing Municipal Office of the State Administration of Taxation released forms on its website last week to for companies affected by the programme, but did little else to publicise the development.
Similar to Shanghai, the value added tax (VAT) applies to the transportation and certain modern service sectors like research and development, information and technology services and logistics. The move is part of the government's plan to transform the economy from a manufacturing hub and encourage modern service sectors.