[national Development and Reform Commission: exemption from value-added tax for small-scale taxpayers with monthly sales of less than 100000 yuan before the end of 2023] the National Development and Reform Commission and other departments issued a circular on doing a good job in reducing costs in 2023. Before the end of 2023, small-scale taxpayers with monthly sales of less than 100000 yuan will be exempted from VAT, and VAT shall be levied at 1% less than 1% of taxable sales income applicable to small-scale taxpayers. 5% and 10% VAT deductions shall be implemented for taxpayers in production and living services respectively. By the end of 2024, the portion of the annual taxable income of small low-profit enterprises that does not exceed 1 million yuan shall be reduced by 25% into the taxable income, and the enterprise income tax shall be paid at the rate of 20%; for the part of individual industrial and commercial households whose annual taxable income does not exceed 1 million yuan, the individual income tax shall be halved on the basis of the current preferential policies. The policy of halving the levy of urban land use tax on commodity storage facilities of logistics enterprises and the policy of reducing and waiving employment security benefits for the disabled will be continued until the end of 2027.