In 2020, taxpayers who receive income from transporting key supplies for epidemic prevention and control and individual industrial and commercial households who donate self-produced, entrusted processing or purchased goods free of charge to respond to the epidemic will be exempted from value-added tax and Urban maintenance and construction tax, education surcharge, local education surcharge.

Income derived by taxpayers from providing public transportation services, daily life services, and providing express collection and delivery services for necessary daily supplies for residents is exempt from VAT;

For Imported materials donated for epidemic prevention and control are exempt from import duties, import value-added tax, and consumption tax;

VAT is exempted from taxpayers’ income from providing movie screening services;

Taxpayers engaged in second-hand car distribution will be levied a reduced value-added tax of 0.5% instead of a simplified method of 3% on the second-hand cars they acquire. The sales volume shall be calculated according to the following formula :Sales = tax-included sales/(1+0.5%).

For the specific content of the above tax policies and other tax preferential policies related to value-added tax reduction and exemption, you can check the official website of the State Administration of Taxation for details, and the actual policies announced by the tax department shall prevail.

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