DOMESTIC MARKET AHEAD-VAT general tax payer (GTP) status piloted in special customs supervision zones
DOMESTIC MARKET AHEAD-VAT general tax payer (GTP)...
China Tax Alert - Issue 31, November 2016
SAT, MOF and GAC stipulates the comprehensive regulatory framework and is rolled-out in 7 selected bonded zones, including comprehensive bonded zones of Kunshan, Suzhou Industrial Park, Chongqing Xiyong, Shenzhen Yantian and Zhengzhou Xinzheng as well as export processing zones of Shanghai Songjiang and Henan Zhengzhou. As a pilot, the selected enterprises are subject to the same tax and customs regulations (covering Customs Duty, VAT and Consumption Tax) comparing with an out-zone domestic enterprise.
© 2021 KPMG 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, 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.
Connect with us
- Find office locations kpmg.findOfficeLocations
- Email us kpmg.emailUs
- Social media @ KPMG kpmg.socialMedia