Once the VAT exemption is approved, there are 3 main benefits.
- VAT on qualifying services is exempted with immediate effect from the following month of approval
- Annual application is NOT required
- Local surtaxes levied on the VAT are also be exempted
Tricor can provide comprehensive advice and assistance in all areas of direct and indirect taxes including:
- Tax consulting
- Tax due diligence & health check
- Tax compliance
- Tax planning
Register and download the full article to learn more. For further enquiries, please email our expert team: email@example.com or contact Tricor China Associate Director of Business Services Yvonne Lam at firstname.lastname@example.org, Manager of Business Services, CPA, CTA Terry Yan at email@example.com, or Manager of Client Relationship Stephanie Ming at firstname.lastname@example.org.