China News Service, May 7th, according to the Ministry of Finance website, the Ministry of Finance and the State Administration of Taxation recently issued a notice on extending the implementation period of the VAT reduction and exemption policy for small-scale taxpayers. The announcement made it clear that the Announcement of the General Administration of Taxation of the Ministry of Finance on Supporting the Value-Added Tax Policy for the Reinstatement of Individual Industrial and Commercial Households (Ministry of Finance Announcement No. 13 of 2020) extended the implementation period of tax preferential policies until December 31, 2020.