SAT clarifies VAT taxable sales revenue of Direct Sales Enterprises
SAT clarifies VAT taxable sales revenue of Direct...
China Tax Alert - Issue 6, March 2013
The State Administration of Taxation (SAT) issued Announcement  No.5 (’Announcement 5’) on 17 January 2013, clarifying the Value Added Tax (VAT) treatment of the sales revenue of direct sales enterprises (DSE). Announcement 5 provides the key to resolving long-standing uncertainties faced by DSEs when filing and settling VAT.