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The article focuses on the pilot programme for the groundbreaking reform of turnover tax regime in China. It looks at the types of taxpayers that are covered by the pilot program and the tax implications of different types of transactions under the pilot programme. It discusses some of the opportunities and challenges faced by the taxpayers.

The article reports on the construction and reform of Chinese value-added system. It states that the main tax of China is the value-added tax which in turn focuses on the turnover tax. According to the author, the important parts of the value-added tax system which should be reformed includes tax restructuring, expanding the scope of taxation, and improving import and export taxation.

The article offers updates related to taxation in China. It offers updates on China's pilot program for the reform of its turnover tax regime that combine value-added tax (VAT) and business tax (BT) into a single tax. It offers information on the Working Guidelines on Rulings for Specific Tax Cases by the State Administrative of Taxation (SAT). It also discusses the issuance of the Internal Working Guidelines for Special Tax Adjustments by SAT.

The article reports on the plan of China to expand the scope of its pilot program to replace turnover tax with value-added tax by including two new sectors under the reform, based on an official document revealed on December 4, 2013.

The article offers information that the China will suspend the value-added tax (VAT) and turnover tax for small businesses from August 1, 2013 to support the fledging small businesses of China and to improve the economic condition.

The article reports on the proposed changes in the Urban Maintenance and Construction Tax (UMCT) and Education Surcharge policy in China. It mentions that the policy has been expanded to include foreign invested enterprises (FIEs), foreign individuals and enterprises, which levies an additional tax cost equal to 10 percent of turnover taxes. It notes that the said change will increase the tax burden to all turnover taxpayers.