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Chinese Government Extends the VAT Nationally: Nair & Co.’s International Tax Advisory
                                           Team

(Sunnyvale, CA) - China’s State Council has recently announced that the Value Added Tax (VAT) pilot program will
be implemented nationwide from August 1, 2013. The pilot program is currently in force only in a few cities and
provinces.

This move will benefit certain cities like Chongqing, Chengdu, Qingdao and Kunming, which have strong and newly
emerging services sectors such as information technology industries and research and development centers.

It will be beneficial to Multinationals and larger businesses as the complexity of calculating VAT in some locations,
and Business Tax (BT) in others will be done away with, says Nair & Co.’s International Tax Advisory Team.

The major Highlights of the VAT program:

     The first stage of the expansion across China will cover the transportation and modern services sector.
     In future, the VAT program would embrace the production, broadcast and publication of radio, films and
      television programs, and may also widen to cover the railways, post and telecommunications industries.

For more information about our international expansion services or to know more about our global regulatory
compliance team please contact us at http://www.nair-co.com/global-offices.aspx

Subscribe to regular global tax compliance alerts from Nair & Co.

About Nair & Co.

Nair & Co. provides you with your one touch outsourced finance, HR, legal and global tax compliance department
for your international operations. If you are expanding abroad for the first time or increasing your global footprint,
our turnkey solutions help you do so with minimal risk, stress and cost. We support 4000+ client operations in over
56 countries and have core offices in U.K., India, China, U.S., Japan and Singapore. Nair & Co. was named among
the top 100 outsourcing services providers in the world by the International Association of Outsourcing
Professionals (IAOP). Learn more at www.nair-co.com

Get the latest press releases and updates on international tax, HR, Finance, compliance and other legal news
at Nair & Co. Industry Alerts.

Read more on:

         Expat tax advice
         International accounting services
         Doing business overseas

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Chinese Government Extends the VAT Nationally: International Tax Advisory Team

  • 1. Chinese Government Extends the VAT Nationally: Nair & Co.’s International Tax Advisory Team (Sunnyvale, CA) - China’s State Council has recently announced that the Value Added Tax (VAT) pilot program will be implemented nationwide from August 1, 2013. The pilot program is currently in force only in a few cities and provinces. This move will benefit certain cities like Chongqing, Chengdu, Qingdao and Kunming, which have strong and newly emerging services sectors such as information technology industries and research and development centers. It will be beneficial to Multinationals and larger businesses as the complexity of calculating VAT in some locations, and Business Tax (BT) in others will be done away with, says Nair & Co.’s International Tax Advisory Team. The major Highlights of the VAT program:  The first stage of the expansion across China will cover the transportation and modern services sector.  In future, the VAT program would embrace the production, broadcast and publication of radio, films and television programs, and may also widen to cover the railways, post and telecommunications industries. For more information about our international expansion services or to know more about our global regulatory compliance team please contact us at http://www.nair-co.com/global-offices.aspx Subscribe to regular global tax compliance alerts from Nair & Co. About Nair & Co. Nair & Co. provides you with your one touch outsourced finance, HR, legal and global tax compliance department for your international operations. If you are expanding abroad for the first time or increasing your global footprint, our turnkey solutions help you do so with minimal risk, stress and cost. We support 4000+ client operations in over 56 countries and have core offices in U.K., India, China, U.S., Japan and Singapore. Nair & Co. was named among the top 100 outsourcing services providers in the world by the International Association of Outsourcing Professionals (IAOP). Learn more at www.nair-co.com Get the latest press releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts. Read more on:  Expat tax advice  International accounting services  Doing business overseas