Back To Business - Government Relief

1. What are the tax relief policies businesses can take advantage of as they try to resume business in terms of VAT?

Companies engaged in the production of key supplies for epidemic prevention and control can apply for full refund of incremental retained VAT on a monthly basis.

Income derived from the following activities are exempted from VAT:

• transporting key supplies for epidemic prevention and control is exempted from VAT;
• providing public transportation services, life services and express delivery services to deliver daily necessities to residents.

Exemption of VAT, consumption tax, urban maintenance fee, education surcharges relation to materials donated for fighting COVID-19.