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Ebner Stolz Asia

Taxes and tax advisory

Unified standard for small-scale VAT payers

person
By Lena May 2, 2018

According to circular Caishui [2018] No. 33, issued by the Ministry of Finance on April 4, 2018, the following new rules will apply effective May 1, 2018

  • The threshold to become ordinary VAT payer will be unified to annual revenue of 5 million CNY.

  • Companies already registered as ordinary taxpayers with annual revenue below this threshold can become small-scale taxpayers. The application of transfer-back to small-scale taxpayer could be filed before 31 December 2018.

News & events

All news & events

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  • China Immigration Policy Update: PU letter is no longer required for work visa and dependent visa applications June 8, 2022 by Lena Li
  • New COVID Situation in China: Tax Relief Policies Released to Support Small and Medium-sized Enterprises and Small-scale and Low Profits Enterprises May 30, 2022 by Dr. Gerald Neumann
  • China Recent Transfer Pricing Regulation Update May 10, 2022 by Dr. Gerald Neumann
  • Important Note: Tax incentives on annual bonus and foreigner’s fringe benefits continue to be valid until 2023! December 31, 2021 by Dr. Gerald Neumann
  • Carry out business activities throughout China – Are you well prepared for the branch registration? November 9, 2021 by Lena Li

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