ANNOUNCED AS TEMPORARYNo
Tax or social insurance relief
In January 2009, Chinese authorities published a notice on the "Suspension of Value-added Tax Refunds for Purchases of Domestic-made Equipment by Foreign Companies".
According to the notice, the value-added tax refund system for foreign companies purchasing domestic-made equipment was abolished. As a result, the same treatment was reserved to foreign companies as to domestic ones, and the trade-distortive incentive for foreign companies to buy Chinese products was reduced.
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