IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jan 2014 | Removal date: open ended
Still in force

Tax-based export incentive

On 15 June 2015, the Ministry of Finance issued Notice No. 66 of 2015 to support the development of the Chinese spacecraft industry. According to the Notice, companies providing space transportation services, spacecraft maintenance services, spacecraft & parts production, as well as spacecraft & parts exported after 1 January 2014 are eligible for the VAT refund.
 
Retroactively, services and products delivered in 2013 are also eligible for the VAT refund, regardless of the previous contract signing date.
 
Specific mention is made in the Notice of VAT refunds for exporters and for VAT rebates on imported parts and components, but the scope of the Notice does not appear to be limited to exports.
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

271 Made-up textile articles
8804 Parachutes (including dirigible parachutes and paragliders) and rotochutes; parts thereof and accessories thereto.
880400 Parachutes (including dirigible parachutes and paragliders) and rotochutes; parts thereof and accessories thereto.
431 Engines & turbines & parts
8805 Aircraft launching gear; deckarrestor or similar gear; ground flying trainers; parts of the foregoing articles.
880529 Other
496 Aircraft & spacecraft; parts
8802 Other aircraft (for example, helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles.
880211 Of an unladen weight not exceeding 2,000 kg
880212 Of an unladen weight exceeding 2,000 kg
880220 Aeroplanes and other aircraft, of an unladen weight not exceeding 2,000 kg
880240 Aeroplanes and other aircraft, of an unladen weight exceeding 15,000 kg
8803 Parts of goods of heading 88.01 or 88.02.
880310 Propellers and rotors and parts thereof
880320 Undercarriages and parts thereof
880330 Other parts of aeroplanes or helicopters
880390 Other

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