In this special report, KPMG China considers the issues which the healthcare sector in China is likely to face when transitioning from Business Tax (BT) to Value Added Tax (VAT), and in the longer term. China is in the process of transitioning from its previous bifurcated indirect tax system – under which VAT applied to the sale and importation of goods, and BT applied to the services sector – and moving to a unified VAT system applicable to all goods and services.
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