Earlier today China time, the State Council of the PRC announced that the VAT Pilot Program would be implemented in another 10 provinces and cities in China (namely Beijing, Tianjin, Jiangsu, Zhejiang, Anhui, Fujian, Hubei, Guangdong, Xiamen and Shenzhen) over the period from 1st of August through the end of 2012.  It is not explicit from today’s announcement when the program will be specifically implemented in Read More »