The VAT rate for general taxpayers has two brackets of 13% and 9%. The Ministry of Finance, the State Administration of Taxation and the General Administration of Customs Announcement No. 39 of 2019 stipulates that if a general taxpayer engages in VAT taxable sales behavior or imports goods, the tax rate will be adjusted to 13% if the 16% tax rate was originally applied; and the tax rate will be adjusted to 9% if the 10% tax rate was originally applied.
Legal Objective:Announcement on Relevant Policies on Deepening Value-added Tax Reform
I. When a general taxpayer (hereinafter referred to as the taxpayer) engages in value-added taxable sales behavior or imports goods, the tax rate will be adjusted to 13% if the tax rate of 16% was originally applicable; and the tax rate will be adjusted to 9% if the tax rate of 10% was originally applicable.
Two, if a taxpayer purchases agricultural products, the deduction rate will be adjusted to 9% if the original 10% deduction rate is applicable. Taxpayers purchasing agricultural products for the production or commissioned processing of 13% tax rate goods, in accordance with the 10% deduction rate to calculate input tax.
Third, the original application of 16% tax rate and export tax rebate rate of 16% of the export of goods and services, the export tax rebate rate is adjusted to 13%; the original application of 10% tax rate and export tax rebate rate of 10% of the export of goods, cross-border taxable acts, the export tax rebate rate is adjusted to 9%.