Series: IMF Working Papers
Author(s): Raju Singh , Ben Lockwood , and Ehtisham Ahmad
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2004
Keywords: vat, vat revenue, consumption tax, tax revenues, Taxation, Subsidies, and Revenue: General, State and Local Taxation, Subsidies, and Revenue,
The value-added tax (VAT) in China has the unusual feature that capital goods are included in the VAT base. In addition, most services are subject to the business tax, which is not creditable against VAT, but which...