The VAT assessable period can be one day, three days, five days, ten days, fifteen days or one month. The actual assessable period of the taxpayer shall be determined by the competent tax authorities according to the magnitude of the tax payable of the taxpayer. In case VAT cannot be assessed in regular periods, it may be assessed on a transaction-by-transaction basis.
Taxpayers that adopt one month as an assessable period should report and pay tax within ten days following the end of the period. If an assessable period of one day, three days, five days, ten days or fifteen days is adopted, the tax shall be paid within five days following the end of that period. Furthermore, a monthly return shall be filled with any due balance being settled within the first ten days of each month.
Taxpayers importing goods should pay tax within seven days after the issuance of the tax payment certificates by customs.
