I. Value-added tax (VAT)

1. From April 1, 2022 to December 31, 2022, VAT exemptions will be granted to small-scale taxpayers for taxable sales income to which a 3% levy rate applies, and the prepayment of VAT for prepaid VAT items to which a 3% prepayment rate applies will be suspended.

Policy Basis: Announcement on Matters Concerning VAT Exemption for Small-Scale Taxpayers and Other Collection Management Matters (Announcement of the Ministry of Finance and the State Administration of Taxation No. 15 of 2022)

2. From April 1, 2019, to December 31, 2022, taxpayers of the production service industry are allowed to offset their tax payable in accordance with the current period's creditable input tax amount by adding 10% to the taxable amount.

From October 1, 2019 to December 31, 2022, taxpayers in the living service industry are allowed to offset their tax payable by adding 15% to the current period's deductible input tax.

The so-called productive service industry taxpayers refer to those taxpayers whose sales obtained from the provision of postal services, telecommunication services and modern services account for more than 50 percent of all sales. The so-called living service industry refers to taxpayers who provide cultural and sports services, education and medical services, tourism and entertainment services, catering and lodging services, residents' daily services and other living services and whose sales account for more than 50% of all sales.

Policy basis: Announcement on VAT Policies on Promoting the Relief and Development of Difficult Industries in the Service Sector (Announcement of the Ministry of Finance and the State Administration of Taxation No. 11 of 2022)

3. From May 1, 2022, to December 31, 2022, taxpayers are exempted from VAT on the income they derive from the provision of courier delivery and collection services of essential living materials for residents.

Based on the Announcement on the Policy of Exempting Express Delivery Services from VAT (Announcement of the Ministry of Finance and the State Administration of Taxation No. 18 of 2022)

Second, Enterprise Income Tax

1. From January 1, 2021, to December 31, 2022