Íđ╬─  ENGLISH
Search
  TELú║(00852) 2191 2999    (0086) 150 1895 6919
Home
Service
About Us
FAQs
Business Guide
Immigration Service
Contact Us
SiteMap
Dialogue
FAQs
  Home > FAQs > FAQs of China Taxation > FAQs of Value-added Tax
Q:
Can Foreign Investment Enterprise , being small-scale taxpayer , purchase home equipment with VAT refund?
A:
Yes. Home equipment purchased by non-VAT payer, small-scale taxpayer as well as Foreign Investment Enterprise set up in bonded area, in compliance with relevant requirements (GSF (1999) No. 171), can process refund of tax.
Q:
Can this company , being retail enterprise with annual turnover about RMB2.1 million , refuse application for the qualification of general taxpayer?
A:
No. According to requirements, enterprise with annual turnover above RMB0.8 million will apply to tax bureau to become general taxpayer.
Q:
Can plain invoice credit Input VAT?
A:
No. VAT special invoice recognized by the Tax Law can only credit Output VAT, but the amount of plain invoice can be included in purchase cost.
Q:
Can exported goods of small-scale taxpayer be entitled to refund of tax?
A:
According to prevailing policies concerning tax rebates (exemptions) for exported goods, the goods exported by small-scale taxpayer on their own or on consignment shall be free of VAT, consumption tax but without refund.
Q:
How can I apply for the qualification of general taxpayer who can issue VAT special invoice?
A:
Application for general taxpayer VAT special invoice shall fulfill the following conditions:
  • Industrial enterprise with annual taxable sales value no less than RMB0.5 million
  • Commercial enterprise with annual taxable sales value no less than RMB0.8 million
  • Enterprise with a sound accounting and auditing system and purchased anti-counterfeiting tax control equipment
Sino Corp CPA Limited
17/F., Siu Ying Commercial Building, 151-155 Queen's Road Central. Hong Kong.
Tel: (852) 2191 2999 Fax: (852) 2694 8597
E-Mailú║admin@sinocpa.com