The VAT policy to support the development of cultural enterprises will be extended until December 31, 2027

General Administration of Taxation, Ministry of Finance

Announcement on the continuation of the implementation of the VAT policy to support the development of cultural enterprises

General Administration of Taxation, Ministry of Finance, Announcement No. 61, 2023

In order to support the development of cultural enterprises, we hereby announce the continuation of the relevant VAT policy as follows:

(1) Income from the sale of film copies (including digital copies), income from the transfer of film copyright (including transfer and licensing), income from film distribution and income from rural areas obtained by film group companies (including member enterprises), film studios and other film enterprises that are engaged in film production, distribution and projection as approved by the competent film departments (including the central government, provinces, prefectural cities and counties) according to their functions and powers Income obtained from film projection is exempt from VAT. Urban film screening services provided by general taxpayers may, in accordance with the current policy provisions, choose to calculate and pay VAT in accordance with the simple tax calculation method.

(2) The basic viewing maintenance fee of cable digital TV and the basic viewing fee of rural cable TV collected by broadcasting and television operation service enterprises shall be exempt from VAT.

3. This Announcement shall be effective until December 31, 2027.

It is hereby announced.

General Administration of Taxation, Ministry of Finance

September 22, 2023

Source: State Administration of Taxation