This publication is intended to provide an overview of the many issues that the industry will need to address in preparation for entry into the VAT system.
This publication is intended to provide an overview of the many issues that the industry will need to address in preparation for entry into the VAT system. Our approach to this is to go through the typical lifecycle of a property development project, and to highlight some of the different approaches adopted internationally. While there are clearly many unanswered questions, this is intended to provide a framework through which businesses in the construction and real estate sector can start to consider the issues, and take early steps to prepare for the reforms.
© 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.