China - Online search advertising could have VAT applied

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On the 8th of July, China's State Administration for Industry and Commerce announced regulations under which paid-for online search results will be classified as advertising, and could therefore be subject to the imposition of value-added tax (VAT).

The new rules, which will be in effect from the 1st of September this year, reflect the rapid growth of "sponsored link" search results through such websites as Baidu and Alibaba... Read More

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