Preferential VAT Policies:
Preferential VAT Policies stipulated by the Ministry of Finance and the State Administration of Taxation: 10 Items
(1) Preferential VAT Policies on Products and Services for Comprehensive Utilization of Resources
Preferential Contents: Taxpayers who sell self-made resource Comprehensive utilization of resources products and the provision of comprehensive utilization of resources services, can enjoy the policy of immediate refund of VAT. There are four levels of tax refund: 30%, 50%, 70% and 100%.
Requirements: The tax credit rating does not belong to grade C or D, etc. assessed by the tax authorities.
(2) Preferential VAT Policies for Healthcare Industry
1. Non-profit medical institutions: preparations for self-production and self-consumption are exempted from tax.
2. For-profit medical institutions: income obtained shall be subject to all taxes in accordance with the regulations. Preparations for self-production and self-consumption are exempted from tax within three years from the date of registration of practice.
3. Income from services provided by disease control organizations and maternal and child health care institutions, etc.: Health service receipts obtained at the price stipulated by the State are exempted from tax.
4. Blood stations: clinical blood supplied to medical institutions is exempt from VAT.
5. Supply of non-clinical blood: simplified method of 3% calculation of taxable amount.
(3) VAT Preferences for Repair and Repair Services
Aircraft Repair, VAT is refundable if the actual tax burden exceeds 6%.
(4) Tax Treatment of Software Products
(1) General VAT taxpayers selling their self-developed and produced software products are entitled to an immediate refund for the part of the actual tax burden exceeding 3% after the VAT is levied at the rate of 17%;
(2) general VAT taxpayers selling imported software products after they are Localization transformation: redesigning, improving, converting, etc. of imported software products, and purely Chinese characterization of imported software products are not included.
(E) preferential VAT policies for heating enterprises
Heating enterprises to the residents of the individual heating and heating fee receipts continue to be exempted from value-added tax.
Heating product manufacturers that supply heat to residents through thermal product operators shall determine the proportion of exempted recipients based on the proportion of heating fee revenues actually obtained from residents by the thermal product operators to the total heating fee receipts of the operators.
(F) Vegetable circulation VAT exemption policy
1. The sales of vegetables by taxpayers engaged in wholesale and retail of vegetables are exempted from VAT. Vegetables processed through the selection, washing, cutting, drying, packaging, dehydration, refrigeration, freezing and other procedures belong to the scope of vegetables. Various kinds of canned vegetables do not belong to the scope of vegetables.
2. If a taxpayer sells both vegetables and other VAT taxable goods, the sales of vegetables and other VAT taxable goods shall be accounted separately; if they are not accounted separately, they shall not be entitled to the VAT exemption policy on vegetables.
(VII) VAT Policies for Seed-making Industry
Seed-making enterprises produce and sell seeds under the following production and operation modes, which are agricultural producers selling self-produced agricultural products and are exempted from VAT:
1. Seed-making enterprises utilize their own land or leased land, employ farmers or hired laborers for seed breeding, and then go through drying, threshing, wind sifting and other deep processing and then sell the seeds.
2. Seed production enterprises to provide parental seeds entrusted to farmers breeding and retrieved from the hands of farmers, and then by drying, threshing, wind sieve and other deep processing and sales of seeds.
(H) new imported seed seed source value-added tax incentives
January 1, 2016 to December 31, 2020, continue to import seeds (seedlings), breeding livestock (poultry), fish seed (seedlings) and species of wildlife seed source (seed seed source) exemption from importing the value-added tax.
(IX) New Large Passenger Aircraft and New Regional Aircraft VAT Preferential Policies
1. Taxpayers engaged in the development of large passenger aircraft, large passenger aircraft engine development projects and the formation of the end of the value-added tax credits will be refunded.
2. Taxpayers producing and selling new regional airplanes are subject to a temporary 5% reduction in VAT, and the end-of-period tax credit for VAT arising from the production and sale of new regional airplanes will be refunded.
3. In the month when the taxpayer receives the refunded amount, it shall transfer the refunded amount from the input VAT amount.
(J) New Policy of Full VAT Refund for Equipment Purchased by R&D Institutions
Continuing to provide full VAT refund for domestic equipment purchased by domestic-funded R&D institutions and foreign-funded R&D centers.
VAT Preferential Policies