The guide includes: 1) the 22 percent standard VAT rate, the 9.5 percent reduced VAT rate, and the 5 percent special reduced VAT rate; 2) VAT rates for specific goods and services, including imports; 3) VAT rate calculation methods; 4) VAT exemption rules and VAT-exempt items; 5) input VAT deduction rules; and 6) a list of FAQs.
Source: bloombergtax.com
