Proposed application of VAT to the healthcare sector in China
Proposed application of VAT to the healthcare sector...
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.
© 2022 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in Mainland China, KPMG, a Macau (SAR) partnership, and KPMG, a Hong Kong (SAR) partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation.
For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.