Is it appropriate to exempt catering invoices in 2022?

Now hotel catering industry can be exempted from value-added tax,

1. At present, the hotel catering industry is temporarily exempt from VAT. If you enjoy VAT exemption, according to the regulations, the corresponding input tax can no longer be deducted and needs to be transferred out.

2. Those engaged in VAT duty-free business and taxable business shall calculate and transfer out the input tax that cannot be divided and deducted according to the proportion of duty-free sales to total sales.

3. If the input tax is large and it is not worth transferring out, according to the regulations, the taxpayer has the right to waive the tax exemption and may not transfer out.

4. It should be noted that those who give up tax exemption may not apply for tax exemption or reduction within 36 months.