Attention Small-scale Taxpayers! Enjoy VAT Reduction or Exemption if Eligible - Here's How It Works!

From January 1, 2023, to December 31, 2027, small-scale taxpayers engaging in taxable sales of VAT whose total monthly sales do not exceed 100,000 yuan (or 300,000 yuan per quarter, as the tax period) are exempted from VAT.

For small-scale taxpayers whose total monthly sales exceed 100,000 yuan but, after deducting the sales of real estate within the current period, do not exceed 100,000 yuan, the sales of goods, labor, services, and intangible assets are also exempted from VAT.