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China Eases Tax Exemption for E-commerce

The Chinese Finance Ministry (MOF) and the State Administration of Taxation (SAT) have recently published a joint circular announcing easier eligibility requirements for tax exemptions for e-commerce exporters.

FOR IMMEDIATE RELEASE

 
PRLog (Press Release) - Feb. 27, 2014 - SUNNYVALE, Calif. -- The Chinese Finance Ministry (MOF) and the State Administration of Taxation (SAT) have recently published a joint circular announcing easier eligibility requirements for tax exemptions for e-commerce exporters. The new measure under which more exporters can either receive tax exemptions or refunds has come into effect starting 1 January 2014. This measure is intended to promote and augment cross border e-commerce business in China, reports Nair & Co.’s International Tax Team.

The tax break is allowed to exporters who have received an exemption approval from the relevant tax authority and who are general Value Added Tax (VAT) payers. For e-commerce export tax exemption purposes, it is also mandatory to obtain an export declaration form.

For more information about international tax laws (http://www.nair-co.com/IPLaws.aspx), doing business overseas (http://www.nair-co.com/expanding-business-overseas.aspx) or to learn more about our Nair & Co.’s International Expansion Services please contact us (http://www.nair-co.com/global-offices.aspx).

Subscribe (http://www.nair-co.com/subscribe.aspx) to regular global tax compliance alerts from Nair & Co.

Get the latest news releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts (http://www.nair-co.com/newsandannoucement.aspx).

About Nair & Co.


Nair & Co., the leader in international business expansion services, provides accounting, HR, legal, tax and compliance services for the set up and management of your international operations. Our model of a single-point-of-contact, supported by internal teams of experienced advisors, helps clients expand business and manage risk so they can focus on their core business and sustain growth with minimal risk, stress and cost. We support nearly 250 clients in over 70 countries. Nair & Co. is headquartered in Bristol, UK, has 450 employees and offices in China, India, Japan, Singapore, and the US. Learn more at www.nair-co.com (http://www.nair-co.com/)

Media Contacts: For media enquiries or to learn to more about Nair & Co., please email us at media@nair-co.com or call Yvonne Smith at +1.408.501.8867

Contact
Yvonne Smith
408 501 8867
***@nairusa.com

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Contact Email:
***@nairusa.com
Source:Nair & Co.
City/Town:Sunnyvale - California - United States
Industry:Business
Tags:tax exemption, e-commerce exporters, Chinese Finance Ministry, global tax compliance
Shortcut:prlog.org/12288301
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