porno Chinese Law | China: Notice Of The State Administration Of Taxation For Clarifying The Disposal Opinions On Several Articles Of The Measures For The Administration Of The Recognition Of General VAT Taxpayer Qualification
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Notice Of The State Administration Of Taxation For Clarifying The Disposal Opinions On Several Articles Of The Measures For The Administration Of The Recognition Of General VAT Taxpayer Qualification

09.11.10 18:45 Age: 8 yrs
Notice Of The State Administration Of Taxation For Clarifying The Disposal Opinions On Several Articles Of The Measures For The Administration Of The Recognition Of General VAT Taxpayer Qualification

The State Administration of Taxation (SAT) has released a notice to clarify several opinions in the “Administrative Measures for Qualification Recognition of Value-added Tax (VAT) General Taxpayers”. Under the Notice, the term “annual taxable sales amount” as mentioned in the Measures shall include sales amounts that are subject to tax declaration, supplementary declaration after audit, adjustment after tax assessment, of which the official invoices are issued by the tax authority and that are subject to tax exemption; the reporting period as mentioned in Article 8.1 refers to the reporting period of the month (or quarter) in which the annual taxable sales amount of a taxpayer has exceeded the standard for small-scale taxpayers; the newly established taxpayers in Article 11 refer to taxpayers who apply for recognition of VAT general taxpayers within 30 days after the date of tax registration.

 

The Recognition Measures, to a large extent, reduce the threshold for annual sales of a general VAT taxpayer so that more taxpayers will have general VAT taxpayer status. At the same time, the Recognition Measures simplify the procedures in favour of recognition.

 

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