Tax exemption refers to an encouragement or special consideration given by the state to certain taxpayers or tax objects in order to implement certain political and economic policies. Zero tax rate is also called "zero tax rate". Refers to the tax rate expressed as zero for certain tax objects and tax objects at a specific link. Theoretically, zero-rating is different from tax-exemption. Tax exemption means that certain tax objects and certain taxpayers are exempted from the tax payable by themselves, while the purchased goods or services are still tax-inclusive. If the tax rate is zero, not only will the taxpayer not pay taxes in this link, but the taxes transferred from previous links must also be refunded in order to achieve a zero tax rate. However, in actual work, the meaning of zero tax rate is not strictly used in different tax types. For example, income tax often expresses the tax-exempt amount of the taxable income as a zero rate. Of course, income tax does not have the problem of transferring the tax amount. Another example is the Fixed Asset Investment Orientation Adjustment Tax. Investment projects with a stipulated tax rate of zero only mean that the tax payable on the investment project itself is exempted. Its purchases of various goods and services are actually tax-included, and the tax paid will not be refunded. VAT amount. Enterprises can choose according to actual conditions.

Warm reminder: The above explanation is for reference only.

Response time: 2021-08-31. For the latest business changes, please refer to the official website of Ping An Bank.

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