Impact Of Change From Business Tax To VAT On The Insurance Industry--For Non-life Insurance
Insurance was not included in the range of change from business tax to VAT in 2012. But our current insurance business tax system lagged behind the development of China’s insurance. So with the development of change from business tax to VAT, insurance industry for VAT reform wil be the trend. We intended to design the VAT system for China’ s non-life insurance by learning from New Zealand, and to study the impact of change from business tax to VAT on non-life insurance.
Non-life insuranceChange from business Tax to VATGoods and Services Tax
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