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Tax trivia

──Jan 14 , 2022Analysis on the extension of 1% preferential VAT rate in 2022

We all know that VAT applies to small-scale taxpayers3%The tax rate, here it is2In 2005, the state gave a VAT exemption policy that would3%The tax rate has been reduced to1%In order to help smes cope with the difficulties of the pandemic.

The original expiration date of this preferential policy is until2021-12-31Day, here we are2022At the beginning of the year, the State Tax Bureau still hasn't issued an official document on whether this preferential treatment can be extended. Many people thought this preferential policy would not be extended, but when we issue invoices, we will find small taxpayers(Including reregistered taxpayers)When you log in to the billing software, the system displays "From2022years1month1We will temporarily continue to implement the VAT reduction policy for small-scale taxpayers. Applicable to small-scale VAT taxpayers3%The taxable sales income of the levy rate shall be temporarily reduced1%Levy rate of VAT; apply3%The pre-paid VAT items of the tax rate shall be temporarily reduced1%Rate of advance payment of VAT. When you issue an invoice to select the levy rate,Please temporarily follow the above policy. After the official document is issued, the official document shall prevail."

So our current VAT rate for small scale taxpayers is not3%"Is still according to1%Preferential tax rate.

about2022Annual extension value added tax1%Analysis of preferential tax rates

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