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  • 2019-04-19 14:05:42

Notice on Unifying Standards for Small Scale Taxpayers of Value Added Tax

Provinces, autonomous regions, municipalities directly under the Central Government, municipalities (bureaus) with separate plans, state tax bureaus, local tax bureaus, and financial bureaus of Xinjiang Production and Construction Corps:
In order to improve the value-added tax system and further support the development of small and medium-sized enterprises, the relevant matters concerning the unification of standards for small-scale taxpayers of value-added tax will be notified as follows:
1. The standard for small-scale VAT taxpayers is annual VAT sales of 5 million yuan or less.
2. According to Article 28 of the Provisional Regulations of the People's Republic of China on the Implementation of VAT, units and individuals that have been registered as general VAT taxpayers may be registered as small-scale taxpayers before December 31, 2018, and their non-deductible input tax amounts shall be transferred for disposal.
3. This Notice shall be implemented as of May 1, 2018.

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