VAT Practice

Author: Zhang Weihua (Editor)
Publisher:
Publish Date: 2004-10-01
Features: To promote China's tax laws and help the general public and taxpayers fully understand the current tax laws and tax collection and management system of China, the Tax Science Research Institute of the State Administration of Taxation organized tax experts to compile this series of "China Tax Guide" books. This is a comprehensive series introducing the specific business operations of various taxes under China's current tax system. The entire series consists of nine volumes, including: Value-Added Tax, Consumption Tax, Business Tax, Corporate Income Tax, Income Tax of Foreign-Invested Enterprises and Foreign Enterprises, Individual Income Tax, Agricultural Tax, Resources and Property Tax, and Behavioral and Purpose Tax. This series is edited by Li Yonggui, the Chief Economist of the State Administration of Taxation, as the chief editor, with Zeng Guoxiang, Liu Zuo, and Zhang Peisen as deputy editors. Liu Zuo is the chief compiler, and the editorial board is composed of the chief editor, deputy editors, and authors of each volume of the series. Value-Added Tax (VAT) is a kind of turnover tax levied on goods, with its sales revenue as the basis for calculation and implementing a system of deducting taxes already collected. All individuals and entities engaged in the sale of goods, or providing processing, repair, and maintenance services, as well as importing goods within China, are required to pay VAT.