Starting from April, small-scale taxpayers were exempted from VAT for a period of time

2022-08-02 0 By

Recently, the Ministry of Finance and the State Administration of Taxation announced that, in order to further support the development of small and micro enterprises, from April 1, 2022 to December 31, 2022, small-scale VAT taxpayers apply 3% tax rate of taxable sales income, VAT exemption;VAT payment in advance will be suspended for items with 3% advance tax rate.It is understood that whether the tax exemption policy applies to the taxable sales income obtained by small-scale taxpayers with 3% tax rate should be judged according to the time when the taxpayer’s tax obligation to obtain the taxable sales income occurs. The tax exemption policy can be applied only when the tax obligation occurs from April 1 to December 31, 2022.Qingdao tax department will hold the “cloud live broadcast” of tax preferential policies. Based on the accurate identification and label service, the “Youth Tax Class” and other live channels will be used to timely and accurately publicize the preferential policies, so as to realize the direct and quick enjoyment of the policies.A large number of small and micro businesses are crucial to ensuring people’s wellbeing and ensuring stable employment.In recent years, the state has continuously increased policy support for small and micro enterprises.In 2021, the VAT levy rate for small-scale taxpayers will be lowered from 3 percent to 1 percent, and the VAT threshold will be raised from monthly sales of 100,000 yuan to 150,000 yuan.In 2022, the policy of temporarily exempting small-scale taxpayers from VALUE-ADDED tax will be implemented.Preferential policies continue to increase, providing much-needed help to enterprises and invigorating them.Small-scale taxpayers stage shall be exempt from value-added tax policy is an important part of the implementation of the new combined tax support policy this year, Qingdao tax official launch of “double action”, to ensure that the combined tax support policy “direct island enterprise” “fu beautiful island city”, striving for market main body to bail out and service “six steady” “six protect” the big picture, promoting the development of high quality.