Beijing Cuts Small-Scale Taxpayers' VAT to 1%
Liao Shumin
/SOURCE : yicai
Beijing Cuts Small-Scale Taxpayers' VAT to 1%

(Yicai Global) March 25 -- Beijing has lowered its value-added tax rate for small-scale taxpayers to 1 percent from 3 percent, effective from March 1 through the end of May, to mitigate the Covid-19 impact, the capital city's officials announced today. 

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Keywords: Beijing , VAT Rate