Preferential policies for value-added tax in 2020

The tax authorities shall, when examining and approving the state-owned grain purchase and sale enterprises that enjoy tax exemption treatment, cancel their "Special VAT Invoice Receipt and Purchase Form" in accordance with the provisions, and collect their unused special VAT invoices for cancellation. Those who concurrently engage in other taxable goods shall re-check the amount of their special VAT invoices.

For other grain enterprises engaged in grain business, value-added tax shall be levied except for the following items.

1. commissary: refers to the food supplied to the China People's Liberation Army and the Chinese People's Armed Police Force at the commissary supply price with commissary vouchers and commissary supply certificates.

2. Disaster relief wave: refers to the grain that is approved by the people's government at or above the county level and supplied to the victims in need at the prescribed sales price with the aid of disaster relief food stamps (certificates).

3. Rations for reservoir migrants: refers to the food supplied to reservoir migrants at the prescribed sales price with the approval of the people's government at or above the county level.

Extended data:

Precautions:

Input taxes that cannot be deducted from the output tax are:

1. Purchase of fixed assets (except the three northeastern provinces).

2. Goods purchased or taxable services used for non-taxable items.

3. Goods purchased or taxable services used for tax-free items.

4. Goods purchased or taxable services used for collective welfare or personal consumption.

5. Abnormal loss of purchased goods.

6. Goods purchased or taxable services consumed by products in process and finished products with abnormal losses.

Baidu Encyclopedia-Preferential Tax Policies

People's Daily Online-State Taxation Administration of The People's Republic of China issued guidelines on preferential tax policies for epidemic prevention and control.

Baidu Encyclopedia-Provisions on the Use of Special VAT Invoices