Notice of the Ministry of Finance and the State Administration of Taxation on Continuing the Value-added Tax Polices for Micro and Small Enterprises

· Document Number：No. 76 [2017] of the Ministry of Finance

· Area of Law： Taxation

· Level of Authority： Departmental Regulatory Documents

· Date issued：10-20-2017

· Effective Date：01-01-2018

· Status： Effective

· Issuing Authority： Ministry of Finance State Administration of Taxation

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] of the Ministry of Finance)
The public finance departments (bureaus), state taxation bureaus and local taxation bureaus of all provinces, autonomous regions, municipalities directly under the Central Government, and cities under separate state planning; and the Financial Bureau of Xinjiang Production and Construction Corps:
In order to support the development of micro and small enterprises, during the period between January 1, 2018 and December 31, 2020, small-scale value-added tax (“VAT”) taxpayers with the monthly sales amount of 20,000 yuan (including the figure mentioned therein) to 30,000 yuan shall continue to be exempt from VAT.
Ministry of Finance
State Administration of Taxation
October 20, 2017