• Announcement of the State Administration of Taxation on Issues concerning Exempting Micro and Small Enterprises from Value-Added Tax
• Document Number：Announcement No. 52 [2017] of the State Administration of Taxation
• Area of Law： Taxation
• Level of Authority： Departmental Regulatory Documents
• Date issued：12-27-2017
• Effective Date：01-01-2018
• Status： Effective
• Issuing Authority： State Administration of Taxation

Announcement of the State Administration of Taxation on Issues concerning Exempting Micro and Small Enterprises from Value-Added Tax
(Announcement No. 52 [2017] of the State Administration of Taxation)
In order to support the development of micro and small enterprises, in accordance with the Notice of the Ministry of Finance and the State Administration of Taxation on Continuing the Value-Added Tax Polices for Micro and Small Enterprises (No. 76 [2017], MOF), issues concerning value-added tax (“VAT”) on micro and small enterprises are hereby announced as follows:
Small-scale VAT taxpayers shall respectively account the sales amounts of the goods sold and the processing or repair labor services provided, and the sales amounts of the services and intangible assets sold. Where the monthly sales amount of the goods sold or the processing or repair labor services provided by a small-scale taxpayer does not exceed 30,000 yuan (90,000 yuan if tax payment is made on a quarterly basis), or the monthly sales amount of the services or intangible assets sold does not exceed 30,000 yuan ( 90,000 yuan if tax payment is made on a quarterly basis), the small-scale taxpayer may respectively enjoy the preferential policy of exempting micro and small enterprises from VAT from January 1, 2018 to December 31, 2020.

State Administration of Taxation
December 27, 2017