Announcement of the Ministry of Finance and the State Administration of Taxation on the VAT Reduction and Exemption Policy for Small-Scale VAT Taxpayers

This document extends the VAT reduction and exemption policy for small-scale taxpayers, exempting those with monthly sales under 100,000 yuan from VAT and reducing the applicable tax rate from 3% to 1% for certain taxable sales, effective until December 31, 2027.