Ministry of Finance and State Administration of Taxation, Circular on Policies Relevant to Simplifying and Consolidating Value-added Tax Rates

财政部、国家税务总局关于简并增值税税率有关政策的通知

August 31, 2017 | BY

Susan Mok &clp articles

VAT rate structure simplified.

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Issued: April 28 2017

Effective: July 1 2017

Main contents: From July 1 2017, the value-added tax rate structure will be simplified from four tiers to three tiers by abolishing the 13% value-added tax rate.

For taxpayers selling or importing goods such as agricultural products (including grains), tap water, heat, liquefied petroleum gas, natural gas,