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China Expands VAT Reform to 2 New Sectors

(Updated: 2013-12-05) China will continue to expand the scope of its pilot program to replace turnover tax with value-added tax (VAT) by including two new sectors under the reform, an official document revealed. The country will incorporate the railway transportation and postal service sectors into the ongoing VAT reform starting on Jan. 1, 2014, according […]

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