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Notice Of The State Administration Of Taxation On Issuing The “Measures For The Administration Of Taxpaying Tutorship Period For General VAT Taxpayer”

10.11.10 09:43 Age: 13 yrs
Notice Of The State Administration Of Taxation On Issuing The “Measures For The Administration Of Taxpaying Tutorship Period For General VAT Taxpayer”

The Measures for the Administration of Tax Payment Consultation Period for General VAT Payers has recently been published by the SAT. This code shall take effect as of 20 March 2010. The Measures are formulated according to, and further clarify, Clause 13 of the Measures for the Administration of the Qualification Recognition of General VAT Payers. The Measures clarify that “small trading and wholesale enterprise” means any wholesale enterprise with a registered capital below 800,000 Yuan and a staff number below 10. The Measures

For the purpose of improving the tax payment of little individually-run enterprises, this new code provide that for a small trading and wholesale enterprise that is newly recognized as a general taxpayer, the period for the implementation of tax payment consultation period administration shall be 3 months, and the amount of its purchased special invoices shall be no more than 100,000 Yuan.

 

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