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VAT concessions for exported services announced

VAT concessions for exported services announced

China alert - Issue 1, January 2012   On 29 December 2011, the Ministry of Finance (MOF) and the State Administration of Taxation (SAT) jointly issued Cai Shui [2011] No.131 (Circular 131) setting out Value Added Tax (VAT) concessions for exported services provided to overseas entities under the VAT pilot program in Shanghai.

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VAT concessions for exported services announced

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