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China extends tax levies to foreign businesses

  • VAT
  • 28 February 2011 | Richard Asquith

China extends tax levies to foreign businesses

China has made foreign invested enterprises liable in two surcharges previously only charged to domestic companies.  These charges are in addition to Chinese VAT, Business Tax and Consumption Tax, as applicable.

The two levies are:

  • Urban Construction and Maintenance Fee; and
  • Education Supplement, including the Local Education Surcharge.

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.