China Eases Tax Exemption for E-commerce (Bristol, UK) - The Chinese Finance Ministry (MOF) and the State Administration of Taxation (SAT) have recently published a joint circular announcing easier eligibility requirements for tax exemptions for ecommerce exporters. The new measure under which more exporters can either receive tax exemptions or refunds has come into effect starting 1 January 2014. This measure is intended to promote and augment cross border e-commerce business in China, reports Nair & Co.â€™s International Tax Team. The tax break is allowed to exporters who have received an exemption approval from the relevant tax authority and who are general Value Added Tax (VAT) payers. For e-commerce export tax exemption purposes, it is also mandatory to obtain an export declaration form. For more information about international tax laws, doing business overseas or to learn more about our Nair & Co.â€™s International Expansion Services please contact us. Subscribe to regular global tax compliance alerts from Nair & Co. Get the latest news releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts. About Nair & Co. Nair & Co., the leader in international business expansion services, provides accounting, HR, legal, tax and compliance services for the set up and management of your international operations. Our model of a single-point-of-contact, supported by internal teams of experienced advisors, helps clients expand business and manage risk so they can focus on their core business and sustain growth with minimal risk, stress and cost. We support nearly 250 clients in over 70 countries. Nair & Co. is headquartered in Bristol, UK, has 450 employees and offices in China, India, Japan, Singapore, and the US. Learn more at www.nair-co.com
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Published on Feb 27, 2014
The Chinese Finance Ministry (MOF) and the State Administration of Taxation (SAT) have recently published a joint circular announcing easier...