According to Article 3 of the Notice on Implementing the Inclusive Tax Reduction and Exemption Policy for Small and Micro Enterprises, the provincial government can reduce or exempt the "six taxes and two fees" of small-scale VAT taxpayers within 50% according to the actual situation in the region.

Small and low-profit enterprises have less than 50 million assets, less than 300 employees and less than 3 million profits. Such enterprises are small-scale enterprises with low profit, which may be ordinary taxpayers or small-scale taxpayers. 80% of enterprises in China belong to small-scale enterprises with low profit. Therefore, the benefits of this policy are particularly extensive. The implementation period of this announcement is from 2022 1 October 1 day to February1day, 2024.