Announcement of the State Administration of Taxation on Revising the Calculation Formulas for Assessing Taxable Income of Non-resident Enterprises Based on Revenue Converted from Operational Expenditures

Announcement of the State Administration of Taxation on Revising the Calculation Formulas for Assessing Taxable Income of Non-resident Enterprises Based on Revenue Converted from Operational Expenditures

Announcement of the State Administration of Taxation [2016] No. 28

May 5, 2016

The pilot program of the collection of value-added tax in lieu of business tax (hereinafter referred to as the "VAT in lieu of BT") shall be implemented nationwide in a comprehensive manner as of May 1, 2016.
　　......