Along with China’s new tax reform on Business Tax switching to VAT, BusinessEasy has been qualified as one of the Pilot Entities. From January 1, 2012, BusinessEasy will issue VAT (17%) special invoice to clients with VAT’s ordinary Tax Payer certification on rental service.

As required by the State Council, Shanghai officially launched the pilot scheme on switching from business tax to VAT in the transportation and certain modern service industries on January 1, 2012.