What policy does Dezhou Property Company enjoy when collecting water charges?

Excuse me, do you want to ask "what policy does Dezhou Property Company enjoy in collecting water charges"? The company enjoys preferential tax policies.

According to the Announcement on Value-added Tax of Tap Water in Property Management Services issued by State Taxation Administration of The People's Republic of China, the tap water fee charged by taxpayers providing property management services to service recipients can be deducted from the tap water fee paid by them, and the value-added tax can be calculated and paid at the rate of 3% according to the simple taxation method.

This means that if property management companies collect water charges, they will no longer face the problem of rising tax burden. In addition, taxpayers can also issue special VAT invoices to clients at the rate of 3%.