Several significant changes to China’s tax policies took place in the first half of 2016. With its intention to transform the nation into a service-oriented economy, the government has progressively rolled out the business tax (BT) to value added tax (VAT) reform, and the final stage was implemented on 1 May 2016.

In the meantime, the buzz on cross-border e-commerce has also caught the attention of the tax authorities. The switch from parcel tax to a combination of import tax, import VAT and consumption tax on cross-border e-commerce retail goods aims to facilitate sustainable development of the market by creating a fairer environment for all players.

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Vistra is a global independent provider of corporate services. With 2,300 professionals and 63 offices in 40 jurisdictions. In China, Vistra is present with about 220 professionals in four major cities: Shanghai, Beijing, Guangzhou and Shenzhen. Our China team is dedicated to provide high-quality, tailored corporate services including Company Formation, Accounting and Tax Compliance, HR Advisory and Payroll, Company Secretarial Services