A general taxpayer represents a business whose transactions can be clearly recorded, and sales of goods are not more than RMB 1million for a production company or RMB 1.8 million for a trading company. Those other than a general taxpayer are treated as a small-scale taxpayer. For taxpayers who submit application when they meet the […]
There are two types of VAT payers. One is general taxpayer whose sales of goods are subject to a VAT rate at 17% or 13%. The other is small scale taxpayer whose applicable tax rate is 3%.
It is State Council only.
Self-produced agricultural products sold by agricultural producers; b)Contraceptive medicines and devices; c)Antique books; d)Instruments and equipment imported for direct use in scientific research, experiment and education; e)Imported materials and equipment granted by foreign governments or international organizations; f)Articles imported directly by organizations for the disabled for exclusive use by the disabled. g)Sales of goods which […]
Different items are subject to different rates from zero to 17%. Please find below table for details. Category Item Tax Rate 1 Exported goods (except otherwise stipulated by the State) 0% 2 a) Agriculture, forestry, animal husbandry and aquatic products; b) Edible vegetable oil and food grains products; c) Tap […]
Any enterprise or individuals involved in the activities above are VAT taxpayers. The taxpayers should be the purchaser of products or services while goods sellers or service providers act as VAT collection agents.
VAT is an indirect tax levied on sales of goods, importation of goods, and services relating to processing, repair and replacement. It accounts for approximately 40% of all tax revenue of Chinese government. So, Chinese government has been setting up various rules to strengthen VAT administration.
