Notice on Adjusting the Deduction Standards of VAT Input Tax for Rubber Industry in Yunnan Province

• The National Taxation Bureau of Yunnan Province has issued a notice regarding the adjustment of the deduction standards for agricultural value-added tax input tax for rubber industry cost-based agricultural products.
• The adjustment is based on the regulations stated in several documents, including the notice on the trial implementation of the deduction method for agricultural value-added tax input tax in some industries.
• The adjustment specifically applies to general taxpayers in the rubber industry who purchase agricultural products for the production and sale of rubber products.
• The adjustment is effective for the 2024 fiscal year.

Source: lexiscn.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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