Borrow: Taxes Payable - VAT Payable
Credit: Non-Operating Income - Tax Reduction and Exemption Fees
Tax exemptions provided for in the Provisional Regulations on Value-added Tax (VAT) and its Implementing Rules:
1. Agricultural producers' sales of self-produced agricultural products.
2. Contraceptive drugs and appliances.
3. Antique books.
4. Imported instruments and equipment directly used for scientific research, scientific experiments and teaching.
5. Foreign governments, international organizations, free assistance to imported materials and equipment.
6. Directly imported by organizations of disabled people for the exclusive use of disabled people.
7. Other items sold by individuals for their own use.
The main tax-exempt items related to the "camping change":
1. Childcare and education services provided by nurseries and kindergartens.
2. Elderly services provided by nursing institutions.
3. Nursing services provided by welfare organizations for the disabled.
4. Marriage introduction services.
5. Funeral services.
6. Services provided by disabled persons themselves for the society.
7. Medical services provided by medical organizations.
8. Educational services provided by schools engaged in academic education.
9. Services provided by students working and studying.
10. Agricultural mechanization, drainage and irrigation, pest control, plant protection, agricultural and livestock insurance, poultry, livestock, aquatic animal breeding and disease control.
11. Memorials, museums, cultural centers, cultural relics protection units management institutions, art galleries, exhibition halls, painting and calligraphy institutes, libraries in their own premises to provide cultural and sports services to obtain the first ticket revenue.
12. Ticket revenue from cultural and religious activities organized by monasteries, palaces, mosques and churches.
13. Government funds and administrative fees collected by units other than administrative units in line with the regulations.
14. Individual transfer of copyright.
15. Individual sales of self-built housing for personal use.
16. Financial interbank interest income.
17. Taxpayers to provide technology transfer, technology development and related technical advice, technical services.
18. Government-organized higher, secondary and primary schools engaged in academic education (excluding subordinate units), held refresher courses to obtain all of the school's income.
19. Income derived from the provision of domestic services by staff domestic helpers in domestic service enterprises.
20. Income from the issuance of welfare lottery and sports lottery.
21. Transfer of land use rights to agricultural producers for agricultural production.
22. Individuals involved in the division of family property transfer of real estate and land use rights without compensation.
23. The transfer of land use rights by the landowner and the return of land use rights to the landowner by the land user.
24. Income derived from the provision of community-based elderly care, nursing, and housekeeping services.