The draft of China's first ever VAT Law was released on November 27 and the State Taxation Administration (STA) is now seeking public comments. Given its impact on all sectors, we are holding a membership workshop similar to the one we held earlier in 2019 on the draft IIT Law. The aim of this workshop is both to develop comments on the draft law itself, and also form the basis and tone for future advocacy efforts, including but not limited to the law's implementation measures.
Experts from KPMG and Dezan Shira & Associates will brief the audience on the changes reflected in this draft and the future trends, before conducting a group discussion into what the business sector can expect and what changes the tax authorities will likely adopt.
*This discussion will be conducted in Chinese only.