AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Tax-based export incentive
On 12 December 2013, the Ministry of Finance issued Notice No. 106 of 2013. The policy supersedes one from May of the same year (see related act), clarifying elements of that announcement that were unclear, and adding some new sectors to the list of those that will benefit.
This announcement adds railway transport, postal services, and spacecraft transport services to the list of sectors that can enjoy a zero rating on their export VAT. It also confirms that the policy will be rolled out in the entirety of China.
Other changes are procedural, and do not discriminate on the international provision of services.
The policy came into effect on January 1st, 2014.
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