Announcement No.87 of the Ministry of Finance and State Taxation Administration of The People's Republic of China (20 19) The relevant policies on linking the increase and decrease of value-added tax in life service industry are announced as follows:

1. From the date of 20 19, 10, 1 to the date of 202 1, 12, 3 1, taxpayers in the life service industry are allowed to add the deductible input tax in the current period/.

Three. Taxpayers in the life service industry shall accrue the current plus deduction according to 15% of the current deductible input tax. According to the current regulations, the input tax that cannot be deducted from the output tax shall not be accrued and deducted; If the input tax has been accrued and deducted according to 15% and transferred out according to regulations, the input tax shall be reduced and deducted accordingly in the current period when the input tax is transferred out. The calculation formula is as follows:

Accrual and deduction in current period = deductible input tax in current period × 15%.

Deduction plus deduction in current period = balance of new deduction at the end of last period+new deduction in current period-deduction plus deduction in current period.