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  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.
© 2021 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in China, KPMG, a Macau partnership and KPMG, a Hong Kong partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited ("KPMG International"), a private English company limited by guarantee. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International.
For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.