Legislation roundup: Value-added and consumption taxes, and online rumors

Tax

Ministry of Finance and State Administration of Taxation, PRC Value-Added Tax Law (Draft for Comments)

财政部、国家税务总局中华人民共和国增值税法 (征求意见稿)

The value-added tax threshold is a quarterly sales turnover of Rmb300,000. Entities and individuals whose sales turnover does not reach the value-added tax threshold are not taxpayers for the purposes of the Law, but may voluntarily opt to pay value-added tax in accordance with the Law.

The tax is levied at the three rates of 13%, 9% and 6%.

Further reading

Announcement on Policies for Intensifying Value-added Tax Reform

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

China's VAT reform crosses the finish line

Implementing Rules for the PRC Tentative Regulations on Value-added Tax (2nd Revision)

PRC Tentative Regulations on Value-added Tax (Revised)

Ministry of Finance and State Administration of Taxation, PRC Consumption Tax Law (Draft for Comments)

财政部、国家税务总局中华人民共和国消费税法 (征求意见稿)

Entities and individuals that sell, commission the processing of or import taxable consumer goods in or into the People's Republic of China are payers of consumption tax and shall pay such tax.

A taxpayer that sells taxable consumer goods at the production, wholesaling or retailing stage shall pay consumption tax.

A taxpayer shall pay consumption tax on taxable consumer goods that are for its/his/her own use and not meant for sale to third parties.

Further reading

PRC Tentative Regulations on Consumption Tax (Revised)

Implementing Rules for the PRC Tentative Regulations on Consumption Tax (Revised)

Cybersecurity

Cyberspace Administration of China, Ministry of Culture and Tourism and National Radio and Television Administration, Provisions for the Administration of Online Audio and Video Information Services

国家互联网信息办公室、文化和旅游部、国家广播电视总局网络音视频信息服务管理规定

An online audio and video information service provider shall establish and improve a rumor refutation mechanism, and if it discovers an online audio and video information service user using false images based on deep learning, virtual reality, etc. or audio-video generation technology to produce, publish and disseminate rumors, it shall take the appropriate rumor refutation measures in a timely manner and file the relevant information with the cyberspace administration, culture and tourism, and radio and television departments for the record.

Further reading

Announcement on Launching a Campaign Against Apps That Collect and Use Personal Information in Violation of Laws or Regulations

PRC Cybersecurity Law

Provisions for Monitoring Inspections of Internet Security by Public Security Authorities