Value Added Tax (VAT)

Reclaiming VAT in Europe

Value Added Tax (VAT) can pose a number of thorny problems for US companies unfamiliar with the procedures involved, but taking control of your company’s VAT – including your reclaim opportunities - has never been more important.

China: Increased VAT and BT Thresholds

As of November 1, the Ministry of Finance increased tax thresholds for both VAT and Business Tax as part of a long-term effort to reduce taxes on business across China.

China: VAT Reform Pilot to Launch in January

According to a November announcement from the executive committee of China’s State Council, Shanghai will spearhead a pilot VAT reform initiative on January 1, 2012. The program is part of an effort to ease the significant problem of indirect taxation in China and incent the services industry (in particular) by reducing the tax burden.


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