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More Surcharges Exempted

From 1 February 2016, if monthly revenue is less than RMB 100 thousand, or quarterly revenue is less than RMB 300 thousand, tax payers can enjoy the exemption of education fee, local education fee, Water conservancy funds.

Compared to previous regulations, the exemption criteria for the monthly revenue was increased from RMB 30 thousand,or quarterly revenue from RMB 90 thousand to RMB 300 thousand.

Lee & Lee Associates Insights:

1) No need for eligible taxpayers to do an application to tax bureau in advance. Just need to choose the related tax regulation at the time of the monthly or quarterly VAT filing.
2) Unban construction tax does not apply to this exemption.
3) At present, there is no expiration date for this regulation. It could be effective for long term.
4) All tax payers are applicable to this beneficial regulation. To meet various requirements of different tax bureaus for this regulation, please also consult and confirm with your tax official in charge.

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