Interview with Yiannis Exarchos: to narrate Olympic story in new ways and promote positive values
01 Jul 2024 14:40
The Ministry of Finance of China and the State Taxation Administration of China have jointly announced that sponsors of the Beijing 2022 Winter Olympics and Paralympics Games will be exempted of value added tax for some of their services to the Beijing 2022 Winter Olympics and Paralympics Games, according to a report on Chinanews.com on January 29.
The services refer to those that are explicitly included in sponsorship contracts related to the Beijing 2022 Winter Olympics and Paralympics Games and test competitions, provided by sponsors and their subsidiaries according to their contracts. These services need to be provided on a free basis.
The first group of sponsoring companies and affiliated subsidiaries that can benefit from this regulation have been announced by the Ministry of Finance and the State Taxation Administration.
The regulation applies to services that were executed as early as July 12, 2017 and after. For those services that have been charged VAT, the amount of taxation can be equally deducted from future taxation provided that the relevant VAT invoice issued for such tax can be retrieved.
Reference: chinanews.com
Proofread by Raymond Fitzpatrick
Interview with Yiannis Exarchos: to narrate Olympic story in new ways and promote positive values
01 Jul 2024 14:40
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024 19:18
Related coverage
Winter Olympic speculation group in China making assessment
23 Mar 2015
FreeSkiZone raises RMB12M in Angel Round led by Letv Sports
16 Oct 2015
Beijing vows better air for 2022 Winter Olympic games
07 Nov 2014
Can 2022 fever drive 300 million people into winter sports?
03 Aug 2015
2022 Winter Games Vote Down to Two Cities
30 Jul 2015
More from Yutang Sports
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
Expert insight | New changes on UEFA EUROs: growing maturity of Hisense and other Chinese brands
22 Jul 2024
SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025
SPORTACCORD 2024 INSIGHTS: Paris 2024 here we come!
02 Jul 2024
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025
Yutang Sports
loading...