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From April 1st, the VAT rate will be reduced to 13%
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From April 1st, the VAT rate will be reduced to 13%

  • Categories:Company news
  • Author:Telly Cheung
  • Origin:Telly Cheung
  • Time of issue:2020-09-10
  • Views:0

(Summary description)For general value-added taxpayers who engage in value-added taxable sales or import goods, the original tax rate of 16% will be adjusted to 13%; the original tax rate of 10% will be adjusted to 9%. The adjustment will be implemented from April 1, 2019.

[Top]

From April 1st, the VAT rate will be reduced to 13%

(Summary description)For general value-added taxpayers who engage in value-added taxable sales or import goods, the original tax rate of 16% will be adjusted to 13%; the original tax rate of 10% will be adjusted to 9%. The adjustment will be implemented from April 1, 2019.

  • Categories:Company news
  • Author:Telly Cheung
  • Origin:Telly Cheung
  • Time of issue:2020-09-10
  • Views:0
Information

People's Daily Online Beijing, March 22 information, the Ministry of Finance website yesterday issued an announcement on deepening the value-added tax reform related policies. The Ministry of Finance, the State Administration of Taxation, and the General Administration of Customs jointly issued the "Announcement on Deepening the Relevant Policies of Value-Added Tax Reform" (hereinafter referred to as the "Announcement") today. For general value-added taxpayers who engage in value-added taxable sales or import goods, the original tax rate of 16% will be adjusted to 13%; the original tax rate of 10% will be adjusted to 9%. The adjustment will be implemented from April 1, 2019.

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