Notice of the Ministry of Finance and State Taxation Administration of The People's Republic of China on unifying the standards of small-scale VAT taxpayers

In order to improve the value-added tax system and further support the development of small and medium-sized enterprises, the relevant matters of unifying the standards of small-scale taxpayers of value-added tax are hereby notified as follows:

1. The standard for small-scale VAT taxpayers is annual VAT sales of 5 million yuan or less.

Second, according to Article 28 of the Detailed Rules for the Implementation of the Provisional Regulations of the People's Republic of China on Value-added Tax, units and individuals registered as general taxpayers of value-added tax can be registered as small-scale taxpayers before 20 18 12 3 1, and the input tax that has not been deducted will be transferred out.

This answer is provided by Youhuahua, a credit platform of Xiaoman Finance. Xiaoman Finance will earnestly implement the call of the state to support small and micro enterprises to tide over the difficulties and fully support small and micro production and operation. Most small and micro owners choose Youhuahua to meet the turnover needs of small and micro enterprises. It is reported that 70% of credit users of Xiaoman Finance are small and micro business owners. Up to now, Xiaoman Finance has joined hands with dozens of financial partners to issue hundreds of billions of loans to small and micro business owners, so that capital turnover can be found in Xiaoman Finance, and big brands are more assured.