AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Tax-based export incentive
On 1 December 2008, the government of China raised the Value Added Tax(VAT) rebates for exports of watch components.
Exporters of the benefitingproducts may recuperate the full VAT included inintermediate products.
The general VAT in China is equal 17 percent.
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