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If your business qualifies as a small-scale VAT payer in China, there’s a temporary policy you need to be aware of. Here’s a quick, no?fluff summary.
1. Thresholders & Exemptions
2.1 Once you exceed the threshold, VAT applies to all sales for that period—not just the portion above the limit.
2.2 Regardless of whether you expect to qualify for the exemption, all invoices must be issued with the 1% VAT rate. This is a fixed requirement under the policy.
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Set up in 2009 Focus on Tax& Accoounting +86 189 1629 8482 wcx@ruanyinchina.com |
