Q：
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Which medium, small and micro enterprises in manufacturing industry are entitled the postponement of partial tax payments?
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A：
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Enterprises are categorised as manufacturing industry according to the National Industries Classification, and meanwhile yearly sales revenue are between RMB20,000K (inclusive) and RMB400,000K (exclusive), and enterprises with yearly sales revenue below RMB20,000K (exclusive), including Sole Proprietorships, Partnerships, Individual Businesses.
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Q：
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How the sales revenue is defined for qualifying the postponement of tax payments by medium, small and micro enterprises in manufacturing industry?
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A：
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Sales revenue are the sales amount which are subject to VAT, including tax declared sales, supplement sales after audit, adjusted sales after tax assessment. Where the VAT differential taxation policy is applicable, it shall be determined by the net amount after the difference.
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Q：
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How the annual sales revenue is defined for qualifying the postponement of tax payments by medium, small and micro enterprises in manufacturing industry?
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A：
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For enterprises established for one year as at 30 September 2021, the annual sales revenue is defined based on period from October 2020 to September 2021.
For enterprises established for less than one year as at 30 September 2021, the annual sales revenue is defined based on the formula: total sales revenue up to September 30, 2021/actual operating months*12 months.
For enterprises established on or after October 1, 2021, annual sales revenue is defined based on the formula: total sales revenue in the first reporting period/actual operating months*12 months.
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Q：
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What tax payments for Q4 2021 can be partially postponed by medium, small and micro enterprises in manufacturing industry?
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A：
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Tax payments for Q4 2021 can be partially postponed include: Corporate Income Tax, Individual Income Tax (except IIT withheld and paid), Domestic VAT, Domestic Consumption Tax and additional taxes imposed such as Urban Maintenance and Construction Tax, Educational Surcharge, Local Educational Surcharge for reporting period October 2021, November 2021, December 2021 (monthly reporting) or for Q4 2021 (quarterly reporting), but do not include taxes paid on invoices issued by Tax Bureau on behalf.
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Q：
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what is the rate of tax payments can be postponed by medium, small and micro enterprises in manufacturing industry, and what is the time frame for postponement?
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A：
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Medium enterprises in manufacturing industry that meet the criteria can postpone 50% of the mandatory taxes payments.
Small and micro enterprises in manufacturing industry that meet the criteria can postpone 100% of the mandatory taxes payments.
The time frame for postponement is 3 months. Taxes payers should settle payment of taxes postponed earlier after the time is due.
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FAQ
