- The Ministry of Finance and the State Administration of Taxation released a notice on VAT policies for express delivery services
- The notice is effective immediately from the date of release
- Express delivery companies must pay VAT on income from delivery services
- Delivery services include collection, sorting, transportation, and delivery within a promised timeframe
- The policy does not apply to companies providing only transportation services
- Taxpayers with network freight qualifications can deduct input tax from output tax if they meet certain conditions
- Deductions apply to costs for fuels and tolls related to network freight operations
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.
