Announcements

Notification of Value Added Tax (VAT)

Bensenville, Illinois - Aug 1, 2013

Dear Customers,

According to Cai Shui [2013] No. 37 Notice on “Tax Policy Concerning Nationwide Implementation of VAT Pilot Program for Transport and Modern Services Sectors”, jointly issued by the Ministry of Finance (MOF) and the State Administration of Taxation (SAT) of PRC on 24 May 2013, the tax policy concerning China’s Value Added Tax (VAT) Pilot Program will be expanded nationwide effective 1 August 2013. By then, the applicable VAT ratio for the service provided by us will be 6%. The Notice also states that the relevant tax policies for initial pilots will be repealed simultaneously. Please refer to Cai Shui [2013] (Circular 37) for more details.

With the implementation of the Notice, we would like to announce that, from 1 August 2013 (invoice issuance date),an additional 6% of Value-Added Tax will be levied on top of all charges payable at PRC. In the meantime, the related taxes arising from VAT (approximately 0.83%) will also be levied.

There are still uncertain aspects of the VAT policy as to the scopes to apply and by laws; you will be timely informed if there is any further development.

We really appreciate your kind understanding and support to us. Should there be any further questions, please feel free to contact our local offices or visit www.Pactrans.com.

Yours sincerely,

Pactrans Air & Sea, Inc.

About Pactrans Air & Sea, Inc.

Headquarted in Bensenville, IL, and doing business for nearly 30 years, Pactrans Air & Sea has established itself as one of the world's leading international logistics companies. Providing a wide range of services, including: import / export air and ocean freight, warehousing and distribution, local trucking, trade shows and product trading / sourcing. Read more about us for more information. We are: CNS (an IATA Co), FMC, NVOCC, MBE and most recently WBE certified organization.

951-961 Thorndale Avenue

Bensenville, IL 60106

847-766-9988 | Fax: 847-766-9025

Email: info@pactrans.com

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