ANNOUNCEMENT 01 Apr 2009
In April 2009, the government of China announced a change in the tax legislation for exporters.
NUMBER OF INTERVENTIONS
MOF, Notice NO 2009 (43). Available at http://www.chinatax.gov.cn/n8136506/n8136593/n8137537/n8138502/8916348.html
The Permanent Delegation of China to the WTO confirmed the increases in VAT rebates to exporters that were announced on 1 April 2009. See WTO document JOB(09)/62.
On 1 April 2009 China's Ministry of Finance and State Administration of Taxation published a Notice in which it was stated that the rebates to exporters from Value Added Tax (VAT, currently running at 17 percent in China) would be increased for enumerated products.
Exporters of a wide range of prodcuts may now reclaim the a share of the VAT included in the intermediates used in final goods production.