Ministry of Finance, State Administration of Taxation and General Administration of Customs, Announcement on Policies for Intensifying Value-added Tax Reform

财政部、国家税务总局、海关总署关于深化增值税改革有关政策的公告

April 10, 2019 | BY

Susan Mok

VAT rates are lowered for import and export

Clp Reference: 3220/19.03.20 Promulgated: 2019-03-20 Effective: 2019-04-01

Issued: March 20 2019

Effective: April 1 2019

 

 

Main contents: Where a value-added tax (VAT) taxable sales act or import of goods occurs and the general VAT taxpayer is currently subject to a 16% tax rate, such tax rate is revised to 13%; if such general VAT taxpayer is currently subject to a 10% tax rate, such tax rate is revised to 9% (Article 1).

 

The export duty and tax refund rate on export goods and services currently subject to a 16% tax rate and an export duty and tax refund rate of 16% is revised to 13%; and the export duty and tax refund rate on export goods and cross-border taxable acts currently subject to a 10% tax rate and an export duty and tax refund rate of 10% is revised to 9% (Article 3).

 

Related legislation: Implementing Measures for the Pilot Project for Levy of Value-added Tax in Place of Business Tax

 

clp reference:3220/19.03.20
issued:2019-03-20
effective:2019-04-01

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