1. Sales Threshold of Business Tax From April 1st, 2003 (the taxable period), the rules of sales threshold of Business Tax for individual taxpayers in Shenzhen have been made the following adjustment: (1) For tax payment on a monthly basis, the threshold for leasing private property is 1000 yuan of its monthly turnover, for other business operation the threshold is 1000 yuan of its monthly turnover. (2) For tax payment at each time (or day), the threshold is 100 yuan of its turnover each time (or day). The taxpayer whose sales turnover does not reach the threshold as above-mentioned rules shall be exempt from Business Tax. 2. Reduction and Exemption of Business Tax The following items may be exempt from Business Tax: (1) Nursing Services provided by nurseries, kindergartens, home for the aged, welfare institution for the handicapped, matchmaking and funeral services; (2) Services provided by the disabled on individual […]