CIIC:Today's featured article/March16, 2013
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Revision as of 01:37, 11 March 2013 by imported>Ciic (Created page with 'thumb|270px|left|Transformation in China's turnover tax system. The '''replacement of business tax with value-...')
The replacement of business tax with value-added tax (营改增) is considered the most significant transformation in China's turnover tax system since the 1994 tax reform. This change aims to maintain the fiscal balance in both central and local governments. (More)
