Notification of Value Added Tax

The Ministry of Finance and the State Administration of Taxation has issued Cai Shui [2013] No. 37 (Circular 37) ‘Notice on Tax Policy concerning nationwide Implementation of VAT Pilot Program for Transport and Modern Services Sectors’. The notice proposes that from 1st August 2013 the policy concerning China’s Value Added Tax (VAT) pilot program will be expanded nationwide.
The implementation of the Cai Shui [2013] No. 37 Notice, will result in the international freight portion being considered as part of revenue and therefore also applicable to the VAT rate of 6%. Should this proposal be introduced, we would like to highlight in advance that the VAT element will be applicable for any invoices billed on and after 1st August 2013.

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