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VAT relief for corporate restructuring now possible, but many uncertainties still exist

VAT relief for corporate restructuring now possib...

China alert - Issue 7, March 2011

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 VAT relief for corporate restructuring now possible, but many uncertainties still exist

The State Administration of Taxation issued Announcement [2011] No. 13 ("Announcement 13") on 18 February 2011. Announcement 13 sets out circumstances under which the transfer of tangible goods may not be subject to Value Added Tax (VAT) in a corporate restructuring.

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