China Tax Alert - Issue 1, January 2016
The State Administration of Taxation (SAT) has recently issued the “Announcement on Relevant Value Added Tax Issues in Relation to the Transition of Business Tax to Value Added Tax” (SAT Announcement  No. 90, hereinafter referred as “Announcement 90”). Among various clauses, Article 3 and 4 of the Announcement 90 are specifically concerning the Value Added Tax issues of finance leasing business.
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