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China VAT rates update

  • Aug 5, 2014 | Richard Asquith

China VAT rates update

As Chinese VAT reform progresses, below is an update of the major VAT and Business Tax rates in place today.

'Old' Chinese VAT rates on goods

Standard Rate: 17%

Reduced Rates: 13% and 6%

Exports: 17% or nil - see export credit scheme

Imports: 17% or 13%

Reformed VAT rates

Postal, Transport, Telecoms voice rates: 11%

IT, Technology, Consulting, Transport & logistics, broadcast, Telecoms data rates: 6%

Business Tax Rates

Awaiting switch to VAT programme.

Entertainment: 5% to 20%

Financial services, real estate and property: 5%

Cultural and sporting events/services: 3%

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 won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.