China’s small-scale taxpayers exempt from VAT in 2022

According to China’s “Announcement of the Ministry of Finance and the State Administration of Taxation on Exempting Small-scale VAT Taxpayers from VAT” (2022 No. 15):
The preferential tax policies stipulated in Article 1 of the “Announcement of the Ministry of Finance and the State Administration of Taxation on Continuing the Implementation of Some Preferential Tax and Fee Policies in Response to the Epidemic” (Announcement of the Ministry of Finance and the State Administration of Taxation [2021] No. 7) have been extended to March 31, 2022.