Recently, some exporters are consulting us that their customers (outside China) are requesting the decrease of the price for the exported product due to the VAT rate going down in China. The exporters are confused how to answer their customers’ question that the new policy does not affect the quote. Here are some points probably you could explain.
It seems that each country is focusing on the high-tech industry, whatever is the most popular Virtual Reality (VR) or Artificial Intelligence (AI) now, it is what a country is chasing after, and China is no exception. Today we would like to walk through the basic tax rules on Research and Development (R&D) issue.

Victor and Truman, the two partners have been working in the accounting industry for more than 15 years, both of them are the associate members of the Chinese Institute of Certified Public Accountants (CICPA) and Institute of Chartered Accountants in England and Wales (ICAEW). The purpose they set up Victor & Truman, CPAs is to help more Small... MORE>>