Announcement on Clarifying the Value-added Tax Exemption Policy for Small-Scale Value-Added Tax Payers

Announcement on Clarifying the Value-added Tax Exemption Policy for Small-Scale Value-Added Tax Payers
Announcement on Clarifying the Value-added Tax Exemption Policy for Small-Scale Value-Added Tax Payers

Announcement of the Ministry of Finance and the State Taxation Administration [2021] No.11

March 31, 2021

To further support the development of micro and small enterprises, the policy for exempting VAT for small-scale VAT payers are hereby announced as follows:

From April 1, 2021 to December 31, 2022, small-scale VAT payers whose monthly sales are CNY150,000 or less shall be exempted from VAT.
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