Session 4

VAT in China is a significant component of the tax system.  Introduced in the early 1990s as a way to broaden the tax base and improve the efficiency of tax collection,  the VAT system in China is quite dominant as it involves a complicated process.  It is crucial that Swiss SMEs understand how the system works and make the best use of it.

Key takeaways in Session 4: The VAT system in China

• VAT in Switzerland & China

• Scope of VAT in China

• The registration of Chinese VAT: VAT for Foreign entities in China

• VAT taxpayer: Small-scale VAT Taxpayer & General VAT Taxpayer

• VAT levy rates:  to understand tax levels across different sectors in China,  which rates your business may apply to

• The VAT invoice system:  how the system works, the meaning of "fapiao" (in Chinese) beyond as an official receipt