The Ministry of Finance and the State Administration of Taxation announced the "Measures for the Administration of Prepayment of Value-Added Tax".

On February 2nd, the Ministry of Finance and the State Administration of Taxation announced the "Administrative Measures for Prepayment of Value Added Tax (VAT)", which will be implemented starting from January 1st, 2026. It stipulates that for taxpayers providing construction services across regions, the prepayment rate for general taxation method is 2%, and for simplified taxation method is 3%. For taxpayers who provide construction services using advance payments, the prepayment rate for general taxation method is 2%, and for simplified taxation method is 3%. For taxpayers transferring real estate outside the county where the institution is located, the prepayment rate for general taxpayers is 5%, and for small-scale taxpayers is 3%. For oil and gas field enterprises selling and producing crude oil and natural gas services across provinces, the prepayment rate is 5% in Xinjiang region and 3% in other regions. Original text: This article is compiled from the official website of the Ministry of Finance, edited by GMTEight: Li Fo.