In order to further reinstate the business of individual merchants and micro-enterprises, the relevant tax policies are now announced as below:

The Announcement of the State Administration of Taxation of the Ministry of Finance on the Value-Added Tax Policy for the Reinstatement of Individual

Merchants (Announcement No. 13 of the Ministry of Finance, Administration of Taxation 2020 No. 13) extended the implementation period of tax

preferential policies to 31st.Dec.2020.

                                                                Ministry of Finance General Administration of Taxation

                                                                    30th.Apr.2020