CHINA CLARIFIES VAT RATE FOR INTERNATIONAL CARGO TRANSPORT AGENCY SERVICE

CHINA CLARIFIES VAT RATE FOR INTERNATIONAL CARGOES TRANSPORT AGENCIES SERVICE

On July 4, the State Administration of Taxation (SAT) released the “Announcement on Value-Added Tax (VAT) Issues in International Cargo Transport Agency Service (SAT Announcement [2014] No. 42).” According to the Announcement, taxpayers indirectly engaged in agent services such as international cargo transport, transportation tools entering and departing the port, pilotage arrangement and loading & unloading shall be exempt from VAT. The announcement will take effect on September 1, 2014.

http://www.china-briefing.com/news/2014/07/14/china-regulatory-brief-electric-vehicle-tax-exemptions-vat-rates-cargo-industry.html#more-31610