Consumption Tax Trends provides information on Value Added Tax/Goods and Services Tax (VAT/GST) and excise duty rates in OECD member countries.From 1 January 2012, under a pilot project, business tax has been replaced by VAT in Shanghai. Under the pilot, services that were previously subject to business tax are subject to VAT at the rates of 17%, 13%, 11%, 6% or 3%. ... The consumption tax rate is envisaged to be increased from the current level of 5% (4 % national tax and 1% local tax) to 8% (6.3% national tax and 1.7% local tax), with effectanbsp;...
|Title||:||Consumption Tax Trends 2012 VAT/GST and Excise Rates, Trends and Administration Issues|
|Publisher||:||OECD Publishing - 2012-11-13|