According to Article 1 of the Notice on Implementing the Inclusive Tax Relief Policy for Small and Micro Enterprises, small-scale VAT taxpayers with monthly sales of less than 654.38+10,000 yuan are exempt from VAT.
Article 2 The portion of the annual taxable income of small and low-profit enterprises that does not exceed 1 10,000 yuan shall be included in the taxable income at a reduced rate of 25%, and enterprise income tax shall be paid at a rate of 20%; For the part of the annual taxable income exceeding 6,543,800 yuan but not exceeding 3 million yuan, it shall be included in the taxable income at a reduced rate of 50%, and the enterprise income tax shall be paid at a reduced rate of 20%.
Extended data:
The "Provisional Regulations on Value-added Tax in People's Republic of China (PRC)" Article 15 The following items shall be exempted from value-added tax:
(1) Self-produced agricultural products sold by agricultural producers;
(2) Contraceptive drugs and devices;
(3) old books;
(4) Imported instruments and equipment directly used for scientific research, scientific experiments and teaching;
(5) Imported materials and equipment provided free of charge by foreign governments and international organizations;
(six) articles for the disabled directly imported by organizations for the disabled;
(7) selling articles for personal use.
In addition to the provisions of the preceding paragraph, the items of tax exemption and reduction of value-added tax shall be stipulated by the State Council. No region or department may stipulate tax exemption or reduction items.
State Taxation Administration of The People's Republic of China, People's Republic of China (PRC)-Notice on Implementing the Inclusive Tax Relief Policy for Small and Micro Enterprises