Page 6 - THE SOUTH CHINA BUSINESS JOURNAL
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China’s
Golden
Tax System
Phase IV:
An Explainer
By Zoey Zhang, China Briefing, Dezan Shira & Associates
China’s Golden Tax System is a country-
wide VAT administration and monitoring
system, first rolled out in 1994, and now in
its third phase of operation.
Phase IV of the Golden Tax System will
likely be implemented in 2022. We discuss
the expected changes in tax monitoring in
China and the impact on businesses.
3 AMCHAM SOUTH CHINA
China’s
Golden
Tax System
Phase IV:
An Explainer
By Zoey Zhang, China Briefing, Dezan Shira & Associates
China’s Golden Tax System is a country-
wide VAT administration and monitoring
system, first rolled out in 1994, and now in
its third phase of operation.
Phase IV of the Golden Tax System will
likely be implemented in 2022. We discuss
the expected changes in tax monitoring in
China and the impact on businesses.
3 AMCHAM SOUTH CHINA
