China VAT rates
Suppliers of goods or services VAT registered in Mainland China must charge the appropriate VAT rate, and collect the tax for onward payment to the China tax authorities through a VAT filing each month.
The current rates are:
China Covid-19 VAT rate changes
China has brought forward tax cuts and considers temporary UK VAT rate cut to help support businesses and consumers during the Coronavirus pandemic crisis.
1. Standard rate for general VAT tax payers 13% for selling physical goods.
2. Standard rate for general VAT tax payers 6% for selling services.
3. Reduced rate for small scale VAT tax payers 3% for selling both physical goods and services.
4. Reduced rate for small scale VAT tax payers 1% for selling both physical goods and services. (Valited to 2022-Dec-31).
5. Reduced rate for small scale VAT tax payers 0% for selling both physical goods and services for business monthly turnover up to RMB150,000 or quarterly turnover up to RMB450,000, others conditions may apply in case. (Valited to 2022-Dec-31)
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