中国两部门发文延续增值税优惠政策

Group 1 - The Ministry of Finance and the State Taxation Administration of China announced the alignment of VAT preferential policies following the implementation of the VAT law, aiming to standardize and optimize the existing VAT preferential policy system while maintaining a stable tax burden [1] - Starting from January 1, 2026, 21 items, including self-produced agricultural products sold by agricultural producers and medical services provided by medical institutions, will be exempt from VAT [1] - Exemptions also include transportation income from cross-strait maritime and air services by Taiwanese shipping and airline companies, as well as income from stock and fund trading by Hong Kong investors through the Stock Connect programs [1] Group 2 - From January 1, 2026, to December 31, 2027, 26 items, including agricultural production materials and personal transfer of copyright, will be exempt from VAT [2] - For small-scale taxpayers, the threshold for taxable transactions will be set at a monthly sales amount of 100,000 RMB or a quarterly sales amount of 300,000 RMB, with a per-transaction threshold of 1,000 RMB [2] - The announcement also clarifies projects eligible for simplified tax calculation methods and other VAT preferential projects [2]