Policy of VAT General Taxpayer Qualification Pilot Project is Launched in TEDA

Recently, the domestic sales business of Markor International Furniture（Tianjin）Manufacture Co., Ltd. issued the first VAT special invoice that can be used for deduction of VAT input tax. This is the first case in the application of the policy since TEDA Comprehensive Bonded Zone was approved to carry out the VAT general taxpayer qualification pilot program, which marks the official implementation of the pilot policy.

TEDA Comprehensive Bonded Zone is the first comprehensive bonded zone in Tianjin that has been approved as a general taxpayer pilot. Enterprises in the Zone can voluntarily apply to be pilot enterprises according to their needs. The pilot enterprises can issue special invoices for VAT to participate in the tax deduction of domestic links, thus flexibly and effectively connecting the domestic and foreign markets. Markor International Furniture is the first pilot enterprise in TEDA. According to calculation, the enterprise can save about 5 million yuan of comprehensive cost every year through the business.