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Home >> EXHIBITOR COMMUNICATION VAT Implementation Notice

EXHIBITOR COMMUNICATION VAT
Implementation Notice

Dear Exhibitors

The Ministry of Finance and the State Administration of Taxation has jointly issued a Circular on Imposing Value-added Tax instead of Business Tax in the Transportation Industry and in Some Modern Service Industries in Beijing on a Pilot Basis (Cai Shui [2012] No.71 ).

In accordance to the Circular, effective from 1st Sep.2012, previous Business Tax payers in the pilot regions will become Value-added Tax (VAT) payers. Reed Sinopharm Exhibitions is classified as a general VAT taxpayer. This implies that we are now subject to a VAT of 6%.

With the commencement of this pilot program, Reed Sinopharm Exhibitions would like to inform all Exhibitors that other than the sales price, we will bill you the 6% VAT. Our Company will accordingly provide you with a deducible VAT-input invoice. Exhibitors that are current general VAT taxpayers within the People Republic of China may claim a VAT tax deduction using the VAT-input invoice.

If you have already signed a sales contract with our company, you can finish payment before 20th Aug. 2012 and we issue business tax invoice to you according to contract price; or you can also choose to issue VAT invoice after 1st Sep. 2012, but we need add 6% VAT to the original contract price. Please choose carefully, we can’t change the invoice once issued in the future. Please choose below to the invoice type you want, affix the company official seal or financial seal and mail to us before15th Aug.

issue business tax invoice

issue VAT invoice

Company Official Seal or Company Finance Seal

If you need further information, please do not hesitate to contact us at:

Name: Jan Liu

Telephone: 86-10-84556695

Email: jin.liu2@reedsinopharm.com
 

Reed Sinopharm Exhibition