AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Tax-based export incentive
On 1 January 2009, the government of China raised the Value Added Tax (VAT) rebates for exports of 553 product types (HS 10-digit level). Exporters of the benefiting products may recuperate up to 80 percent of the VAT included in intermediate products. A total of 161 products have been granted a full rebate of 100 percent.
The general VAT in China is equal 17 percent.
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