From January 1, 2012, BusinessEasy will issue VAT (17%) special invoice to clients with VAT General Tax Payer qualification on rental service.

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.

 

That means BusinessEasy’s clients will be able to get much cost saving. For example:

 

IBM THINKPAD T60	Before- Issue service invoice	Now- issue VAT invoice	Cost saving
Monthly rental	350yuan	299yuan
Tax	17.5yuan 5% Business Tax	51yuan 17% VAT
Deductable tax	0	51yuan
Real cost	350yuan	299yuan	51yuan

 

Believe this new regulation will improve greatly the development of service industry in Shanghai and take Win-Win outcomes to BusinessEasy and its clients.