The Ministry of Finance and the State Administration of Taxation have

Published: Sep 27, 2023 16:18

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The Ministry of Finance and the State Administration of Taxation have issued the Announcement on the Continuation of Value-added Tax Policies for Used Car Dealers. It proposes that taxpayers engaged in the sale of used cars purchased shall be subject to a 3% reduced rate of 0.5% for value-added tax under the simplified method. The announcement will be in effect until December 31, 2027.

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