Notice of the State Administration of Taxation of the Ministry of Finance on the policy of reducingSource:国家税务总局 Notice of the State Administration of Taxation of the Ministry of Finance No. 19, 2023. 2023-8-1 In order to further support the development of small and micro enterprises and individual industrial and commercial households, the announcement of the value-added tax reduction and exemption policy for small-scale taxpayers is as follows: 1. Small-scale VAT taxpayers with monthly sales of less than 100,000 yuan (including this amount) are exempted from VAT. For small-scale VAT taxpayers, VAT shall be levied at a reduced rate of 1% on the taxable sales income of 3%; For VAT pre-paid items with 3% pre-levy rate, VAT pre-paid at 1% pre-levy rate will be reduced. Iii. This Announcement shall be implemented until December 31, 2027. This is to announce. Ministry of Finance Administration of Taxation August 1, 2023 |
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