Nov 08, 2016 07:29 PM

China's VAT Reforms Leave Some Firms Paying More

(Beijing) — Value-added tax (VAT) reforms in China, designed to reduce the burden on companies, have left some companies paying more tax, according to a research report.

The Unirule Institute of Economics, a Beijing-based research group, recently conducted a survey based on 113 companies across 12 industries in cities that include Hangzhou, Wuhan, Guiyang and Dalian. Of the companies surveyed, 57 were subject to the VAT mechanism, and 36 of them reported increased taxes.

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