As more and more businesses are considering selling to China as well, we thought we would include the following Q&A on our sourcing blog. We are selling Copper Concentrate from our company in Philippines to a company in China. The Chinese company is saying they want a 17% discount because of VAT. We don’t understand…

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A buyer who is purchasing from various suppliers in China via sea and even overland, asked me a few questions about the VAT system and how the VAT rebate is sorted out between the government, exporter and buyer.  Here are some highlights: Buyer:  I’d like to receiving data about size of VAT compensation based on…

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