Tax exemption for small-scale taxpayers
From April 1, 2021 to December 31, 2022, small-scale VAT taxpayers with monthly sales of less than 150 KRMB (including) or quarterly sales of less than 450 KRMB (including) will be exempted from value added tax (VAT).
How to determine the sales value exempt from VAT?
1. All VAT taxable sales activities, including sales of goods, labor, services, intangible assets and immovable property, shall be combined to calculate the sales value, less the sales of immovable property that occurs occasionally.
2. If the policy of value added tax difference is applicable, the balance after the difference shall be regarded as the sales value
Options of tax payment period
Small-scale taxpayers can choose to report value added tax on a monthly or quarterly basis according to their business arrangement.
Relevant Policy：
Announcement No.5, 2021 of State Taxation Administration
Back：Handling fees for IIT withholding tax
Next：Sea cargo transport surcharges
How to determine the sales value exempt from VAT?
1. All VAT taxable sales activities, including sales of goods, labor, services, intangible assets and immovable property, shall be combined to calculate the sales value, less the sales of immovable property that occurs occasionally.
2. If the policy of value added tax difference is applicable, the balance after the difference shall be regarded as the sales value
Options of tax payment period
Small-scale taxpayers can choose to report value added tax on a monthly or quarterly basis according to their business arrangement.
Relevant Policy：
Announcement No.5, 2021 of State Taxation Administration
Back：Handling fees for IIT withholding tax
Next：Sea cargo transport surcharges
