Announcement of the Ministry of Finance and the State Administration of Taxation on Exempting Value-Added Tax for Small-Scale VAT Taxpayers

This document exempts small-scale VAT taxpayers from VAT on taxable sales with a 3% levy rate from April 1 to December 31, 2022, and suspends prepayment of VAT on items with a 3% advance levy rate. It also extends certain tax relief policies originally set to expire under a prior announcement until March 31, 2022.