Decision of the State Council on Abolishing the Interim Regulations of the People's Republic of China on Business Tax and Amending the Interim Value-Added Tax Regulations of the People's Republic of China
Decision of the State Council on Abolishing the Interim Regulations of the People's Republic of China on Business Tax and Amending the Interim Value-Added Tax Regulations of the People's Republic of China
Decision of the State Council on Abolishing the Interim Regulations of the People's Republic of China on Business Tax and Amending the Interim Value-Added Tax Regulations of the People's Republic of China
Order of the State Council of the People's Republic of China No.691
November 19, 2017
The Decision of the State Council on Abolishing the Interim Regulations of the People's Republic of China on Business Tax and Amending the Interim Value-Added Tax Regulations of the People's Republic of China, adopted at the 191th executive meeting of the State Council on October 30, 2017, is hereby promulgated, immediately effective from the issue date.
Premier Li Keqiang
Decision of the State Council on Abolishing the Interim Regulations of the People's Republic of China on Business Tax and Amending the Interim Value-Added Tax Regulations of the People's Republic of China
The State Council has decided to abolish the Interim Regulations of the People's Republic of China on Business Tax and introduced the following amendments to the Interim Value-added Tax Regulations of the People's Republic of China at the same time.
I. Article 1 is revised to read "Entities and individuals selling goods, providing labor services of processing, repairs or maintenance (hereinafter referred to as the "labor services"), or selling services, intangible assets or real property in China, or importing goods to China, shall be identified as taxpayers of value-added tax, and shall pay value-added tax under the Interim Value-Added Tax Regulations of the People's Republic of China (Revised in 2017)."
II.
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