Circular of the Ministry of Finance and the State Administration of Taxation on the Value-added Tax and Business Tax Policies for Further Supporting Small and Micro Businesses
Circular of the Ministry of Finance and the State Administration of Taxation on the Value-added Tax and Business Tax Policies for Further Supporting Small and Micro Businesses
Circular of the Ministry of Finance and the State Administration of Taxation on the Value-added Tax and Business Tax Policies for Further Supporting Small and Micro Businesses
Cai Shui [2014] No.71
September 25, 2014
The finance departments (bureaus), offices of the State Administration of Taxation, and local taxation bureaus of all provinces, autonomous regions, municipalities directly under the Central Government and cities specifically designated in the state plan, and the Financial Bureau of Xinjiang Production and Construction Corps,
In order to further support the small and micro businesses in respect of tax policies, upon approval of the State Council, from October 1, 2014 to December 31, 2015, small-scale taxpayers for the value-added tax with a monthly sales value of CNY20,000 (inclusive, the same below) to CNY30,000 shall be exempted from the value-added tax; and the taxpayers for the business tax with a monthly turnover of CNY20,000 to CNY30,000 shall be exempted from the business tax.
......