Park, Kayoung; Kim, Hwa-Seob - 2023
China initiated the Value-Added Tax (VAT) reform on May 1, 2016, which replaced Business Tax (BT) with VAT in an effort … the BT system. Accordingly, industries, especially the service sector, welcome the reform, in that the VAT is replaced … unemployment. The Chinese government may look forward to a positive impact on its economy through expansion of the VAT reform to …