"In the first quarter of this year, our sales revenue was 338,000 yuan. According to the preferential value-added tax policy, we can enjoy the VAT and surtax reduction of about 10,000 yuan. It is estimated that we can enjoy more than 60,000 yuan all the year round.”Qu Hua, head of Yichang DaMei Cleaning Co., Ltd. introduced it recently.

　　Recently, topromotethe individual businesses and small and micro enterprises to resume production, the Ministry of Finance and State Administration of Taxation announced that from March 1 to December 31 this year, for small-scale taxpayers of value-added tax in Hubei province, those businesses enjoying3% taxable sales income canenjoy value-added tax exemption ; those of VAT pre-paid items with a rate of 3%, can suspendVAT.

　　"It means,the previouspolicyhas extended another seven-month, which can help businesses go through the crisis with great effort." introduced by head of State Administration of Taxation in Yichang.

　　Considering the large number of local small-scale taxpayers, some accountants have difficulty with the unclear policies and unfamiliar operations, the Yichang Tax Department has organizedthe business core team to start the "cloud/online" tax course, providingthe online tax policy of “one-stop” service. Ithas helpedthe taxpayers to know all about the preferential tax policies, and ensuredthe implementation of the VAT reduction policy for small-scale taxpayers. (Reported by Yang Xi, Correspondent, Yang Kai)