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Small-scale Taxpayer’s Tax Filing Simplified

Small-scale tax payer’s tax filings are simplified since 1 April, 2016 with following measures.

1. On quarterly basis, not current monthly basis, VAT small-scale taxpayers shall do filing for VAT, consumption tax, public cultural construction tax and the relevant surtaxes.

If a taxpayer does not prefer to do the filings on a quarterly basis, then the competent tax bureau can review and assess an appropriate declaration date according to the taxpayer’s taxable income.

2. If there is no VAT or consumption tax payable, then there would be no need to do nil filing.

3. Qualified small and thin-profit enterprises need to do corporate income tax filing on a quarterly basis.

Lee & Lee Associates Insights:

1. This new measure can help to decrease taxpayers’ travel to and from tax authorizes and therefore decrease the tax filing burden. Since the tax filing period is longer than before, it is recommended the taxpayers make a calendar reminder to avoid missing the deadlines.

2. For taxpayers without any income in current quarter, VAT nil filing is still required, but the surtaxes filings are no longer required.

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