Related to 40 items exempted from VAT after the full implementation of the 2016 camping reform
(a) Childcare and education services provided by nurseries and kindergartens.
Childcare centers and kindergartens refer to institutions that implement pre-school education for 0-6 year olds, including public and private childcare centers, kindergartens, pre-schools, kindergarten classes, nursery schools, and early childhood homes, which have been approved and set up by the education department at or above the county level and have obtained a license to operate such schools.
The VAT-exempt income of publicly-run nurseries and kindergartens refers to the education and care fees collected within the fee rates reviewed by the provincial finance department and the price authority and submitted to the provincial people's government for approval.
The VAT-exempt income of private nurseries and kindergartens refers to the education and care fees collected within the scope of the fees and charges that have been reported to the local authorities for the record and publicized.
Fees exceeding the stipulated fee standards, additional fees collected on the grounds of running experimental classes, specialty classes and interest classes, as well as income exceeding the stipulated scope such as sponsorship fees and feeder fees linked to the enrollment of young children in kindergartens, are not VAT-exempted incomes.
(ii) Nursing services provided by nursing institutions.
Elderly institutions refer to all kinds of elderly institutions established and registered in accordance with the Ministry of Civil Affairs' Measures for the Establishment of Permits for Elderly Institutions (Ministry of Civil Affairs Decree No. 48), which provide centralized residence and care services for the elderly; elderly services refer to the life care, rehabilitation care, spiritual comfort, and other services provided by the above elderly institutions for the elderly, in accordance with the Ministry of Civil Affairs' Measures for the Administration of Elderly Institutions (Ministry of Civil Affairs Decree No. 49), and are not exempt from VAT. , rehabilitation care, spiritual comfort, cultural and recreational services.
(3) Nurturing services provided by welfare institutions for the disabled.
(d) Marriage introduction services.
(v) Funeral services.
Funeral services, refers to the charges approved by the local price authorities in conjunction with the relevant departments, or the implementation of government-guided price management of the body receiving (including lifting the body, disinfection), body grooming, embalming of the body, storage (including refrigeration), cremation, storage of cremated human ashes, condolence facilities and equipment leasing, grave leasing and management and other services.
(vi) Services provided by disabled persons themselves for the community.
(vii) Medical services provided by medical institutions.
Medical institutions are those that have been registered and have obtained a Medical Institution Practice License in accordance with the provisions of the State Council's Regulations on the Administration of Medical Institutions (State Council Decree No. 149) and the Ministry of Health's Implementing Rules for the Regulations on the Administration of Medical Institutions (Ministry of Health Decree No. 35), as well as the various types and levels of medical institutions in the military and the Armed Police Forces. Specifically, these include: hospitals at all levels, outpatient clinics (clinics), community health service centers (stations), first aid centers (stations), urban and rural health centers, nursing homes (institutions), nursing homes, clinical testing centers, government and relevant departments at all levels organized by the Health Epidemiological Prevention Station (Center for Disease Control), a variety of specialized disease prevention and treatment stations (institutes), government at all levels organized by the Maternal and Child Health Care (stations), maternal and child health institutions, child care institutions, blood stations at all levels organized by the government, and blood stations. Institutions, blood stations (blood centers) and other medical institutions organized by the government at all levels.
The medical services referred to in this subparagraph mean that medical institutions provide the services listed in the National Norms for Medical Service Prices for patients in accordance with the guiding prices for medical services (including government-guided prices and prices negotiated between supply and demand in accordance with the regulations, etc.) set by the competent department of price at or above the local (municipal) level, in conjunction with the competent department of health at the same level, as well as by the medical institutions, at a price no higher than the guiding price for medical services set by the competent department of health at the same level and by other relevant departments. Providing services of sanitary epidemic prevention and sanitary quarantine to the society.
(viii) Educational services provided by schools engaged in academic education.
1. Academic education, refers to the form of education in which the educated person, after passing the state educational examination or other means of enrollment stipulated by the state, enters a school or other educational institution approved by the relevant state departments to study and obtain a certificate of education recognized by the state. Specifically, it includes:
(1) Primary education: ordinary elementary school and adult elementary school.
(2) Elementary secondary education: general junior high school, vocational junior high school, adult junior high school.
(3) Higher secondary education: general high schools, adult high schools, and secondary vocational schools (including general junior colleges, adult junior colleges, vocational high schools, and technical schools).
(4) Higher education: general undergraduate, adult undergraduate, online undergraduate, postgraduate (doctoral and master's), higher education self-study examination, higher education diploma examination.
2. Schools engaged in academic education are:
(1) General schools.
(2) all kinds of schools approved for establishment by the people's government at or above the prefecture (city) level or by the education administrative department of the same level of government, and the state recognizes the academic qualifications of its students.
(3) Technical schools and advanced technical schools approved for establishment by the administrative departments of human resources and social security at the provincial level or above.
(4) Technician colleges approved and established by the provincial people's government.
All of the above schools include private schools engaged in academic education in compliance with the regulations, but do not include vocational training institutions and other educational institutions whose qualifications are not recognized by the state.
3. Income from the provision of educational services exempted from value-added tax refers to the income from the provision of academic education services to students enrolled in the prescribed enrollment plan, specifically including: income from tuition fees, accommodation fees, textbook fees, workbook fees, examination registration fees, and income from catering fees from the provision of food and beverage services in the school canteens that have been examined and approved by the relevant authorities and are charged in accordance with the prescribed standards. Income other than that, including sponsorship fees and school selection fees collected by schools in various names, does not fall within the scope of VAT exemption.
School canteens refer to school canteens managed in accordance with the Regulations on the Hygienic Management of School Canteens and Students' Collective Meals (Decree No. 14 of the Ministry of Education).
(ix) Services provided by student work-study.
(j) Agricultural mechanization, drainage and irrigation, pest control, plant protection, agricultural and animal husbandry insurance, as well as related technical training services, poultry, livestock, aquatic animal breeding and disease control.
Agricultural mechanized farming, refers to the use of agricultural machinery in agriculture, forestry, animal husbandry for farming (including plowing, planting, harvesting, threshing, plant protection, etc.) of the business; drainage and irrigation, refers to the irrigation or drainage of farmland business; pest control, refers to agriculture, forestry, animal husbandry, fisheries, pests and disease detection and control of the business; agricultural and animal husbandry insurance, refers to the planting industry, farming, animals and plants grown and raised in pastoralism; related technical training, which is the business of technical training related to the business of agricultural mechanization, drainage and irrigation, pest and disease control, plant protection, as well as the business of technical training to enable farmers to acquire knowledge of agricultural and pastoral insurance; and the scope of exemption from the tax for the business of dispensing of poultry, livestock, aquatic animals, and the business of disease control, which includes the business of supplying medicines and medical paraphernalia in connection with that service.
(xi) Income from first-pass tickets obtained by memorials, museums, cultural centers, management agencies of cultural relics protection units, art galleries, exhibition halls, painting and calligraphy institutes, and libraries providing cultural and sports services on their own premises.
(xii) Income from admission fees for cultural and religious activities organized by monasteries, palaces, mosques and churches.
(xiii) Government funds and administrative fees collected by units other than administrative units that meet the conditions set forth in Article 10 of the Pilot Implementation Measures.
(xiv) Transfer of copyright by individuals.
(xv) Individual sales of self-built housing for self-use.
(xvi) Renting of public **** rental housing by public **** rental housing operation and management units before December 31, 2018
Public **** rental housing means public **** rental housing that is included in the public **** rental housing development plans and annual plans approved by the people's governments of provinces, autonomous regions, municipalities directly under the central government, municipalities with separate plans and the Xinjiang Production and Construction Corps, and is managed in accordance with the "Guiding Opinions on Accelerating the Development of Public **** Rental Housing" (Jianbao 〔2010〕 No. 87) and the specific management methods formulated by the people's governments of cities and counties of public * *** rental housing.
(xvii) Transportation revenues obtained on the mainland by Taiwan shipping companies and airlines engaged in cross-strait direct sea and air flights.
Taiwanese shipping companies refer to those shipping companies that have obtained the "Waterway Transportation License between the two sides of the Taiwan Strait" issued by the Ministry of Transportation and Communications, and the registered address of the company stated on the license is in Taiwan.
Taiwanese airlines are those airlines that have obtained an "Operating License" issued by the Civil Aviation Administration of China (CAAC), or have been approved to operate cross-strait non-scheduled (chartered) transportation of passengers, cargo, and mails in accordance with the provisions of the Cross-Strait Air Transportation Agreement and the Supplementary Cross-Strait Air Transportation Agreement, and have a registered address in Taiwan.
(xviii) Direct or indirect international cargo transportation agency services provided by taxpayers.
1. All revenues from international goods transportation agency services collected from the principal and international transportation charges paid to the international transportation carrier by a taxpayer providing direct or indirect international goods transportation agency services must be settled through financial institutions.
2. The goods transportation agency services provided by taxpayers for the transportation of goods between the mainland and Hong Kong, Macao and Taiwan shall be implemented with reference to the relevant provisions on international goods transportation agency services.
3. If the principal asks for an invoice, the taxpayer shall issue ordinary VAT invoices for the full amount of the income from international freight transportation agency services to the principal.
(xix) The following interest income.
1. Before December 31, 2016, small loans for agricultural households of financial institutions.
Small loans are loans that are single and have a total balance of less than 100,000 yuan (including this amount) for that farm household.
The term "agricultural household" refers to a household that has been living in the administrative area of a township (excluding Chengguan Township) for a long period of time (more than one year), and also includes a household that has been living in an administrative village under the jurisdiction of a Chengguan Township for a long period of time, and a household that has been residing there for more than one year without having a household registration in the local area, employees of state-owned farms, and self-employed rural industrial and commercial tenants. Collective households of State-owned economic institutions, organizations, schools, enterprises and institutions located in the administrative areas of townships (excluding Chengguan townships) and administrative villages under the jurisdiction of Chengguan townships; and households that have a local hukou but have been living outside of the township with their families for more than one year are not considered to be agricultural households, regardless of whether they retain contracted farmland or not. Agricultural households take the household as the statistical unit, and can engage in both agricultural production and operation and non-agricultural production and operation. The determination of loans to farmers shall be based on whether the main body of the loan recipient at the time of loan disbursement belongs to a farm household.
2. National student loans.
3. National bonds and local government bonds.
4. Loans from the People's Bank to financial institutions.
5. Individual housing loans issued by the Housing Provident Fund Management Center with the Housing Provident Fund at designated commissioned banks.
6. Foreign exchange management department in the process of foreign exchange reserve management, commissioned by the financial institutions to issue foreign exchange loans.
7. In the business of unified lending and repayment, the interest charged to the enterprise group or the core enterprise in the enterprise group as well as the finance company belonging to the group to the enterprise group or the subordinate units within the group at a level not higher than the level of the interest rate paid to the financial institution for the borrowing or the level of the coupon interest rate paid on the bonds.
Interest charged by the unified lender to the unit using the funds, which is higher than the level of the interest rate paid to the financial institution for borrowing or the level of the coupon rate paid for the bonds, shall be subject to the full amount of value-added tax.
The unified lending and repayment business refers to:
(1) the business in which an enterprise group or a core enterprise in an enterprise group, after obtaining funds by borrowing from a financial institution or issuing bonds to the outside world, allocates the borrowed funds to its subordinate units (including independent accounting units and non-independent accounting units, the same hereinafter), and collects the interest charged by the subordinate units for the purpose of repaying the principal and interest paid by the financial institution or the purchaser of the bonds.
(2) after the enterprise group borrows from financial institutions or issues bonds to obtain funds, the group's finance company and the enterprise group or the group's subordinate units to sign a unified loan loan contract and allocate funds, and collect the principal and interest from the enterprise group or the group's subordinate units, and then transferred to the enterprise group, the enterprise group returned to the financial institutions or the purchaser of the bond business.
(xx) the revoked financial institutions to goods, real estate, intangible assets, securities, notes and other property to settle debts.
The revoked financial institutions refer to the financial institutions and their branches located in various places that have been revoked by the People's Bank of China and the CBRC in accordance with the decision of the People's Bank of China and the CBRC in accordance with the law, including the revoked commercial banks, trust and investment companies, financial companies, financial leasing companies, urban credit unions and rural credit unions. Unless otherwise provided, enterprises belonging to or affiliated with the revoked financial institutions shall not enjoy the VAT exemption policy of the revoked financial institutions.
(xxi) Premium income derived from life insurance products of more than one year's duration operated by insurance companies.
Life insurance with a term of one year or more refers to life insurance with a term of one year or more for the return of principal and interest, pension annuity insurance, and health insurance with a term of one year or more.
Life insurance refers to life insurance where the life span of a person is the subject of insurance.
Pension annuity insurance refers to the life insurance that aims at old-age protection, takes the survival of the insured person as the condition for the payment of the insurance benefit, and pays the survival insurance benefit in installments at the agreed time intervals. Pension annuity insurance should also meet the following conditions:
1. The age at which the insurance contract agrees to pay the survival insurance benefit to the insured shall not be less than the retirement age stipulated by the state.
2. The interval between two adjacent payments shall not exceed one year.
Health insurance refers to life insurance that pays benefits on the condition of loss due to health reasons.
The above tax-exempt policies are subject to filing management, and the specific filing management methods are implemented in accordance with the provisions of the Announcement of the State Administration of Taxation on the Relevant Management Issues after the Cancellation of the Approval Matters for the Exemption of Refundable Life Insurance Products with a Term of More Than One Year from Business Tax (Announcement of the State Administration of Taxation No. 65 of 2015).
(xxii) Income from the transfer of the following financial instruments.
1. Qualified Foreign Investors (QFII) entrusting domestic companies to engage in the business of buying and selling securities in China.
2. Hong Kong market investors (including units and individuals) through the Shanghai-Hong Kong Stock Connect to buy and sell A shares listed on the Shanghai Stock Exchange.
3. Hong Kong market investors (including units and individuals) to buy and sell mainland fund shares through mutual recognition of funds.
4. Securities investment fund (closed-end securities investment fund, open-end securities investment fund) managers use the fund to buy and sell stocks and bonds.
5. Individuals engaged in the transfer of financial instruments.
(xxiii) interest income from financial interbank transactions.
1. Financial institutions and the People's Bank of the funds incurred by the business. Including the People's Bank of general financial institutions loans, as well as the People's Bank of commercial banks rediscount.
2. Bank interbank transactions. The same banking system within the different lines, the funds between the office transactions.
3. Financial institutions between the funds transactions. Approved by the People's Bank of China, into the national interbank lending market between financial institutions through the national unified interbank lending network for short-term (less than one year including one year) unsecured funds financing behavior.
4. The rediscounting business between financial institutions.
Financial institutions are:
(1) banks: including the People's Bank of China, commercial banks, policy banks.
(2) Credit unions.
(3) Securities companies.
(4) Financial leasing companies, securities fund management companies, finance companies, trust and investment companies, securities investment funds.
(5) Insurance companies.
(6) Other organizations approved by the People's Bank of China, the CBRC, the SFC, the CIRC, and other organizations that operate financial and insurance businesses.
(xxiv) Guarantee institutions that meet the following conditions are exempted from value-added tax for three years on the income (excluding income from credit rating, consulting, training, etc.) from credit guarantee or re-guarantee business of small and medium-sized enterprises:
1. They have obtained the operating licenses for financial guarantee institutions issued by the supervisory authorities, and have been registered as an enterprise or legal person according to the law, and have a paid-in capital of more than 20 million yuan. million yuan.
2. The average annual guarantee fee rate does not exceed 50% of the bank's benchmark interest rate for loans in the same period. Average annual guarantee fee rate = current guarantee fee income / (the beginning of the guarantee balance + guarantee amount increased during the period) × 100%.
3. It has been in continuous and compliant operation for more than 2 years, its funds are mainly used for guarantee business, it has a sound internal management system and the ability to provide guarantees for SMEs, it has outstanding business performance, and it has a perfect mechanism of pre-assessment, mid-monitoring, and post-recovering and disposing of the insured projects.
4. The cumulative amount of guaranteed loans for SMEs accounts for more than 80% of its total cumulative guaranteed business for two years, and the cumulative amount of guaranteed loans with a single amount of less than 8 million yuan accounts for more than 50% of its total cumulative guaranteed business.
5. The balance of guarantees provided to a single insured enterprise shall not exceed 10% of the total paid-in capital of the guarantee institution, and the average amount of a single guarantee liability shall not exceed RMB 30 million at most.
6. The balance of guarantee liability shall not be less than three times of its net assets, and the compensation rate shall not exceed 2%.
The VAT exemption policy for guarantee institutions adopts a filing management method. Eligible guarantee institutions should go to the competent tax authorities of the county (city) where they are located and the small and medium-sized enterprise management departments at the same level to fulfill the required filing procedures, and enjoy the VAT exemption policy for three years from the date of completing the filing procedures. after the expiration of the three-year tax exemption period, eligible guarantee institutions can continue to enjoy the policy after going through the filing procedures in accordance with the prescribed procedures.
The specific filing management methods are implemented in accordance with the provisions of the Announcement of the State Administration of Taxation on the Relevant Management Issues after the Cancellation of Approval Matters of Exemption of Small and Medium-sized Enterprise Credit Guarantee Institutions from Business Tax (Announcement of the State Administration of Taxation No. 69 of 2015), in which the filing management department of the tax authorities is uniformly adjusted to the county (city) level state tax bureaus.
(xxv) Interest subsidy income and price difference subsidy income obtained from the central or local finance by the national commodity reserve management unit and its directly subordinate enterprises undertaking commodity reserve tasks.
National commodity reserve management unit and its directly under the enterprise, refers to accept the central, provincial, municipal and county government departments (or government-designated management unit) entrusted to undertake grain (including soybeans), edible oil, cotton, sugar, meat, salt (limited to the central reserve) and other six kinds of commodity reserve tasks, and in accordance with the relevant policies of the collection, storage, sales of the above six kinds of reserve commodities, and to obtain the financial reserve funds or subsidies of the Commodity reserve enterprises. Interest subsidy income refers to the national commodity reserve management unit and its directly under the enterprise for undertaking the above commodity reserve task from the financial institutions loan, and from the central or local finance for repayment of the loan interest subsidy income. Spread subsidy income includes sales spread subsidy income and rotation spread subsidy income. Sales spread subsidy income refers to the full amount of spread subsidy income obtained from the central or local government when the above reserve commodities are sold in accordance with the instructions of the central or local government, due to the fact that the sales revenue is less than the inventory cost. Rotation spread subsidy income refers to the subsidy income obtained from the central or local government for the price difference between the new and old qualities of the commodities when the rotation of policy reserve commodities is organized regularly according to the requirements.
(26) taxpayers to provide technology transfer, technology development and related technical advice, technical services.
1. Technology transfer and technology development refer to business activities within the scope of "transfer of technology" and "research and development services" in the Notes on Sales of Services, Intangible Assets and Real Estate. Technology consulting refers to the provision of feasibility studies, technology forecasts, thematic technology surveys, analysis and evaluation of specific technology projects and other business activities.
Technological consulting and technical services related to technology transfer and technology development refer to the technical consulting and technical services provided by the transferring party (or entrusted party) to help the transferee (or entrusted party) to master the transferred (or entrusted to be developed) technology in accordance with the provisions of the technology transfer or development contract, and the price of this part of the technical consulting and technical services shall be within the same range of the price of the technology transfer or technology development. technology development shall be issued on the same invoice.
2. Filing Procedures. When applying for VAT exemption, the pilot taxpayers shall hold the written contract of technology transfer and development, go to the competent provincial science and technology department where the taxpayers are located to make the determination, and report the relevant written contract and the documents certifying the examination and approval opinions of the competent science and technology department to the competent tax authorities for record.
(XXVII) at the same time meet the following conditions of the contract energy management services:
1. energy-saving service companies to implement the contract energy management project related technology, should be consistent with the General Administration of Quality Supervision, Inspection and Quarantine and the National Standardization Administration issued the "General Rules for Contract Energy Management Technology" (GB/T24915-2010) stipulated in the technical requirements.
2. Energy-saving service companies and energy-using enterprises to sign energy-saving benefit-sharing type contract, the contract format and content, in line with the "Chinese People's **** and State Contract Law" and "Contract Energy Management Technical General Principles" (GB/T24915-2010) and other provisions.
(xxviii) Before December 31, 2017, the admission revenue of science and technology units, as well as county-level and above party and government departments and science associations to carry out science and technology activities.
Science and popularization units are science and technology museums, nature museums, planetariums (stations, stations), meteorological stations (stations), seismic stations (stations) open to the public, as well as science and popularization bases of institutions of higher learning and scientific research institutions open to the public.
Science popularization activities refer to the use of a variety of media to introduce the general public to knowledge of natural and social sciences, promote the application of science and technology, advocate the scientific method, disseminate scientific ideas, and carry forward the spirit of science in a way that is simple and easy for the public to understand, accept and participate in.
(xxix) Government-organized higher, secondary and primary schools (excluding subordinate units) engaged in academic education, organizing refresher courses and training courses to obtain all the income attributable to the school.
All to the school, refers to the organization of refresher courses, training courses to obtain all the income into the school's unified account, and into the budget of the full amount of the financial account management, at the same time by the school on the bills for the unified management and issuance.
If the income obtained from the organization of further training classes or training courses goes into the account opened by the subordinate department of the school, it shall not be exempted from value-added tax.
(30) Enterprises set up by government-organized vocational schools, which mainly provide internship places for students and are financed by the schools, operated and managed by the schools, and the income from which belongs to the schools, are engaged in "modern services" (excluding financial leasing services, advertising services and other modern services) in the "Sales of Services, Intangible Assets or Real Estate Notes", (excluding financial leasing services, advertising services and other modern services) and "living services" (excluding cultural and sports services, other living services and saunas and oxygen bars) in the Notes on Sale of Services, Intangible Assets or Real Estate.
(xxxi) Income derived by domestic service enterprises from the provision of domestic services by employee-based domestic helpers.
Domestic service enterprises are those that include domestic service in the prescribed scope of business of the enterprise business license.
Employee-based domestic helper refers to a domestic helper who meets the following three conditions at the same time:
1. Signing a labor contract or a service agreement with a domestic helper enterprise for half a year or more in accordance with the law, and actually working on duty at the enterprise.
2. The domestic service enterprise has paid in full on a monthly basis the basic pension insurance, basic medical insurance, work injury insurance, unemployment insurance and other social insurances stipulated by the people's government of the place where the enterprise is located in accordance with national policies. If a domestic helper who has enjoyed social insurance such as new type rural pension insurance and new type rural cooperative medical care or a laid-off worker's original unit continues to pay social insurance for him or her, and if he or she proposes in writing that he or she no longer pays the corresponding social insurance stipulated by the people's government of the place where the enterprise is located in accordance with the national policy and produces a certificate issued by his or her township or original unit of which he or she has already paid the relevant insurance, the enterprise can be regarded as a domestic helper who has paid the corresponding social insurance in full every month for him or her. monthly full payment of the corresponding social insurance.
3. The domestic service enterprise actually pays him or her, through a financial institution, a wage that is not lower than the minimum wage standard approved by the provincial people's government applicable in the place where the enterprise is located.
(xxxii) Income from the issuance of welfare and sports lotteries.
(xxxiii) Income from the leasing of vacant military properties.
(xxxiv) Income from the sale of housing by enterprises, administrative institutions at the cost price or standard price of housing reform in order to cooperate with the national housing system reform.
(xxxv) Transfer of land use rights to agricultural producers for agricultural production.
(xxxvi) The transfer of real estate and land use rights without compensation to individuals involved in the division of family property.
Family property division, including the following cases: divorce property division; gratuitous gift to the spouse, parents, children, grandparents, grandchildren, grandchildren, brothers and sisters; gratuitous gift to the direct support or alimony obligations of his or her dependents or alimony; death of the owner of the property rights of the house, the legal heir, testamentary heir or legatee to obtain the property rights of the house in accordance with the law.
(37) The landowner grants the right to use the land and the land user returns the right to use the land to the landowner.
(xxxviii)The local people's government at or above the county level or the administrative department of natural resources cedes, transfers or recovers the right to use natural resources (excluding the right to use land).
(xxxix) Employment of family members accompanying the military.
1. Newly-established enterprises for the purpose of resettling military dependents for employment are exempted from VAT for three years from the date of obtaining the tax registration certificate for the taxable services they provide.
Enterprises enjoying tax incentives must have family members accompanying the military account for 60% or more of the total number of people in the enterprise and have certificates issued by political and logistical organs of the military (or above).
2. Military dependents engaged in self-employment are exempted from value-added tax (VAT) on the taxable services they provide for three years from the date of tax registration.
Family members accompanying the military must have a certificate issued by a political organ above the division level showing their identity.
According to the above provisions, each family member accompanying the military can enjoy the tax exemption policy once.
(40) Employment of Military Transitional Cadres.
1. Military rehabilitation cadres engaging in self-employment are exempted from value-added tax (VAT) on taxable services provided by them for three years from the date of obtaining the tax registration certificate.
2. For newly-established enterprises which are aimed at placing military cadres who have chosen their own jobs in employment, if the placement of military cadres who have chosen their own jobs accounts for 60% or more of the total number of the enterprises, the taxable services provided by the enterprises shall be exempted from value-added tax (VAT) for a period of three years from the date of receiving the tax registration certificates.
The military cadres who choose their own jobs to enjoy the above preferential policies must hold the transfer documents issued by the troops above the division level.
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