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> I saw a clip of Chinese news broadcast giving shocking rates on Youtube, like a quarter to a third, 20-25% VAT is pretty common in Europe, so while that's hi
by davidgay 6y ago
> I saw a clip of Chinese news broadcast giving shocking rates on Youtube, like a quarter to a third,
20-25% VAT is pretty common in Europe, so while that's high I wouldn't go so far as shocking.
- deleted 6y ago[deleted]
- east2west 6y agoSorry, I wasn't very clear. I meant as the rate of final price. It has been a while so it is a little fuzzy, but I recall the broadcaster said up to 50% of pre-tax price. The official VAT rate is like 17% now, I think (just googled it). So it is other fees imposed by local governments that are onerous.
- astkaasa 6y agoActually it's 13% now, adjusted from 16% which is previously 17%. And it's the basic rate which means it's the highest level rate and there're several levels smaller than 13%. Seems that you have leaved China for at least 10 years.