VAT applies to all enterprises and individuals engaged in sales of goods, provision of processing, repairs and replacement services, and the importation of goods into China. The general VAT rate is 17%, but goods considered necessities are taxed at 13%. VAT payable or refundable is based on output VAT (for Sales) minus input VAT (for Purchases). Generally, there is no VAT payable for exports. Tax payable and refundable is computed monthly and payable in the beginning of the following month.
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