China's new VAT system creates winners and losers

192 views · Published 29 January 2015 · 1:47 · Indexed 4 November 2026

Channel: Hi China · 2015 · News & Politics

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Last year, China revamped its tax regime from a sales tax system to a value-added one.The change is decreasing the tax burden for some, but is increasing taxes paid for others. Laura Luo explains which industry has so far benefited from the shift and which industry needs to pay more.

One year into a tax reform to change the nation's sales tax into a value added tax, China's railway transportation industry benefited a great deal.

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