Payment of concise tax withholding, value-added tax (VAT) and insurance premiums for April, May and June related to the retail, shopping mall, iron and steel, automotive, logistics and transportation, cinema, theater, accommodation, food and beverage, textile and garment, and event and organization sectors is postponed for six months.
The VAT rate for domestic air transportation is reduced from 18% to 1% for three months.
Source EY
