Dear Working Group Member,
The European Chamber is pleased to invite you to the next Logistics Working Group meeting. It will be held on Thursday, 4 July, 2pm-4pm, at the European Chamber Shanghai and Beijing offices via videoconference.
On 24 May 2013, Ministry of Finance issued Circular 37 to launch the nation-wide VAT pilot scheme, starting from 1 August 2013. This means that the current pilot projects in Shanghai and Beijing will be expanded across the country, and previous circulars, including Circular 111, will be abolished. Under Circular 37, the VAT deduction mechanism, which exists under Circular 111, will be removed.
At this meeting, Mr. Rex Huang, Tax Manager, TNT, will provide an overview of Circular 37. Following the presentation, we will have time for a Q&A session and roundtable discussion. The European Chamber would like to receive members’ feedback to assess the business impact of the Circular on the logi