China's Nationwide VAT Trials to Cover TV, Film, Telecom
National Business Daily, 4/11/13
The Standing Committee of China's State Council has announced that, beginning August 1, China will expand transportation and modern service industry value added tax (VAT) reform trials nationwide. The nationwide VAT reform trials will first cover China's film and television production, broadcast, and distribution industries, and will later be expanded to cover transportation and telecom industries.
Editor's Note: For more background on this topic, please see "Rumor: China to Start Telecom VAT Reform Trials in July" MD 3/14/13 issue.
Keywords: film distribution tax telecom television State Council broadcasting trial TV content production film production
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