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21 June 2017

Law firm clients: China issues 2017 tax investigation plan

The Auditing Bureau of the China State Administration of Taxation (SAT) recently issued Circular 29 to provide the 2017 tax investigation plan (the Plan). Highlights of the Plan include value added tax (VAT) cases selected to investigate invoices issued without business substance and potential export tax fraud in a variety of industries. In light of the rapid and evolving VAT reform in China, global law firms with operations in China should review the intra-China and other China-related contracting, billing and invoicing arrangements to ensure an optimized and sustainable VAT framework.

A Tax Alert prepared by EY's Global Tax Desk Network provides additional details.

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Contact Information
For additional information concerning this Alert, please contact:
 
Law Firm Industry practice
• Shelby Saad-Callahan(617) 375-1237
Ernst & Young LLP, China Desk, New York
• Min Fei(212) 773-5622
• Andrea Yue(212) 773-3478
• Claire Geng(212) 773-0229

Document ID: 2017-0987

 

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