ANNOUNCEMENT 19 Aug 2016
On 19 August 2016, the Chinese Ministry of Finance announced the implementation of an export VAT rebate for processed corn products.
NUMBER OF INTERVENTIONS
Ministry of Finance of the PRC, 19th August 2016. (关于恢复玉米深加工产品出口退税率的通知)
In its decision, the Ministry of Finance set the new export VAT rebate at 13%. The rebate is effective from the beginning of September 2016 and applies to ethanol produced from corn among other corn-based products.