China's Ministry of Finance and State Administration of Taxation have jointly issued Announcement No. 24 of 2020, which extends the implementation period of Announcement No. 13 of 2020 on VAT relief for small-scale VAT taxpayers in response to COVID-19. For small-scale taxpayers in Hubei province, this includes an exemption from the 3% VAT rate, while for small-scale taxpayers in the rest of …