ANNOUNCED AS TEMPORARYYes
On December 22nd, 2017, the Chinese State Administration of Taxation reduced the target domestic sales price for imported natural gas. To incentivise gas imports, the Chinese government rebates the VAT on imported natural gas when the import price exceeds the desired domestic price.
Through its decree, the Chinese government altered the sales price of natural gas as follows:
The measure is effective retroactively for the relevant periods. Excess VAT paid on prior imports will be credited accordingly.
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