Turnover Tax in China


  • Turnover is a tax on activities, and it is an indirect tax which can be shifted from the supply of goods or services to the buyer of goods or services. It encompases VAT, business tax (BT), and consumption tax (CT).
  • VAT and BT are mutally exclusive, meaning that a single economic transaction is either subeject to VAT or BT. But certain catagory of goods which falls under the scope of VAT, cigarettes for example, also falls under the scope of CT. 


Value Added Tax (VAT)

Business Tax (BT) repealed on 2017

Consumption Tax (CT)