News / 2014

BIFA Finalist

MIQ Logistics finalist in BIFA Freight Services Awards

MIQ Logistics has been selected as a finalist in the Supply Chain Management category of the British International Freight Association (BIFA) Freight Services Awards for 2014.

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Plane

China Broadens VAT Exemption for International Freight Forwarding Services

China’s State Administration of Taxation (SAT) issued guidance  (Bulletin 42) that extends VAT-exempt treatment to all international freight forwarding services. The new rules went into effect on September 1, 2014.

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Blue Alert Icon

China Revises the Recently Implemented Value Added Tax (VAT) Measures

Exempt International Transportation

The China Ministry of Finance (MOF) and the State Administration of Taxation (SAT) have jointly agreed to exempt international transportation from their recently implemented VAT regulations. The revised tax treatment is retroactive to August 1, 2013 when the nationwide regulations first came into effect. A joint circular (Caishui 2013 No 106) has been issued by the MOF and SAT explaining the exemption.

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