China Telecoms To Get VAT Treatment, Gov't Official Says

Law360, New York (March 5, 2014, 4:11 PM EST) -- The Chinese government will impose value-added taxes on the country's telecommunications sector for a trial period, as part of various tax reforms the country plans to implement in 2014, State Council Premier Li Keqiang said Wednesday.

The proposal, which will replace a business tax with VATs, will also be applied to China's railway transport and postal industries, Keqiang said in a report on the government's work, delivered before the National Peoples Congress. The report says the Chinese government will highly prioritize fiscal and tax reform in...
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