19 January 2019
The State Administration of Taxation issued the above notice concerning tax collection and administration under the value-added tax exemption policy for small-scale taxpayers, which is effective from 1 January 2019. A small-scale taxpayer that carries out sales subject to value-added tax ("VAT") with total monthly sales amounting to RMB 100,000 or below, or quarterly sales amounting to RMB 300,000 or below (for one quarter as a tax period) shall be exempted from VAT. If a small-scale taxpayer carries out sales subject to VAT with total monthly sales amounting to more than RMB 100,000 which, after deducting the sales of immovable properties of the period, are less than RMB 100,000, its sales from selling goods, labour services, services and intangible assets shall be exempted from VAT.