According to the Announcement on Clarifying the Value-added Tax Reduction and Exemption Policy for Small-scale Value-added Taxpayers and Other Policies (the 2023 1st Announcement of the Ministry of Finance and the State Taxation Administration), from 1 January 2023 to 31 December 2023, small-scale value-added taxpayers with monthly sales of less than RMB 100,000 (inclusive) will be exempted from value-added tax (VAT). At the same time, the Announcement states that from 1 January 2023 to 31 December 2023, VAT will be levied at a reduced rate of 1% on the taxable sales income of small-scale VAT taxpayers subject to a 3% levy rate; and VAT will be levied at a reduced rate of 1% on the prepayment of VAT items subject to a 3% prepayment rate.
Original link: http://www.chinatax.gov.cn/chinatax/n359/c5183540/content.html
