China's telecom sector will be included in the business tax (BT) to value added tax (VAT) transition program according to Caishui 014] 43, which was jointly issued by the Ministry of Finance and the State Administration of Taxation on April 29th, 2014. Under the program, businesses are switching from a BT system to a VAT system, with the telecom sector being one of the last to make the change. Th…