Group 1 - The article discusses the differences between non-taxable, exempt, and zero-rate VAT categories, emphasizing that non-taxable items are not subject to VAT at all [2][3] - Non-taxable items cannot issue VAT invoices, except in special cases where a "non-taxable" ordinary invoice can be issued [3] - Exempt items are still within the taxable range but enjoy tax benefits, requiring accurate reporting on tax returns and not allowing input tax deductions [4][5] Group 2 - Zero-rate VAT applies to taxable items but at a tax rate of 0%, allowing for tax refunds upon proper application [6][7] - The article clarifies that zero-rate and exempt are not the same; zero-rate allows for input tax deductions while exempt does not [7] - Specific policies and regulations governing these VAT categories are referenced, including notices from the Ministry of Finance and the State Administration of Taxation [7]

Group 1 - The article discusses the differences between "zero tax rate" and "exemption" in value-added tax (VAT) policies, emphasizing that zero tax rate allows for tax refunds while exemption does not [4][11]. - Zero tax rate applies to exported goods, enabling businesses to not only avoid tax but also reclaim input tax [4][12]. - Exemption applies to specific projects such as medical and educational services, where businesses are not required to pay VAT but cannot reclaim any input tax [6][9]. Group 2 - The article highlights practical considerations for businesses regarding invoicing, stating that zero tax rate invoices must show a 0% tax rate, while exemption invoices must indicate VAT exemption [12]. - It clarifies that for exemption, taxpayers can directly report without needing to calculate refunds, whereas zero tax rate requires accurate calculation of refundable tax amounts [12].

Group 1 - The article discusses the distinction between zero VAT rates and exemptions, providing clarity on VAT policies for companies operating internationally [1][3]. - Companies renting tangible assets located abroad are exempt from VAT [3]. - Services provided to foreign entities that are consumed entirely outside of China, such as asset appraisal and telecommunications, are also exempt from VAT [3]. Group 2 - Advertising services provided to foreign entities, where the advertising is placed entirely outside of China, are exempt from VAT [3].