The Standard VAT rate levied on the import or sale of goods and the condition of processing, installation services and repair is 17 percent. A Reduce rate of 13 percent applies to goods for example newspapers, books, magazines, edible vegetable oils, cereals, tap water, coal products, heaters for residential purpose and other goods as prescribed by the State Council. With regard to goods sold by certain small scale taxpayers, a special value added tax rate of 6 percent is applied.
Reformed VAT rates on Transport, Postal, Telecoms voice rates is 11% and IT, Technology, Transport & logistics, broadcast, Consulting, Telecoms data rates is 6%.
