Meeting with Beijing State Administration of Taxation Goods and Services Division

2016-11-18 | Beijing

On Friday 18 November 2016, representatives from the Insurance and Banking & Securities Working Groups at the European Chamber paid a visit to Beijing State Administration of Taxation (SAT) to voice concerns over SAT's recent decision to levy VAT on foreign insurance and banking representative offices in China. Director General Mr. Fan Lutong and his colleagues at the Goods and Services Division met and engaged in a constructive discussion over whether the foreign insurance and banking representative offices should be subject to VAT. At the end of the meeting, Mr. Fan agreed to bring our concerns to the SAT and maintain on-going communication with the Chamber.